THE PURECYCLE CLASS ACTION LAWSUIT: answers to four key qUESTIONS

If you suffered losses in PureCycle stock contact PureCycle stock loss lawyer Timothy L. Miles about a PureCycle class action lawsuit

introduction to the PURECYCLE CLASS ACTION LAWSUIT

The PureCycle class action lawsuit seeks to represent purchasers or acquirers of PureCycle Technologies, Inc. (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023, inclusive (the “Class Period”).  Captioned Southgate v. PureCycle Technologies, Inc., No. 23-cv-08605 (S.D.N.Y.), the PureCycle class action lawsuit charges PureCycle and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
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If you suffered losses in PureCycle stock and wish to serve as lead plaintiff in the PureCycle class action lawsuit, please contact PureCycle​ Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the PureCycle class action lawsuit must be filed with the court no later than November 28, 2023.

Read on for answers to four key questions in the PureCycle class action lawsuit, including deadlines, notices, selling shares, and objecting or excluding yourself.​

WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE PURECYCLE CLASS ACTION LAWSUIT?

​When a securities class action is filed such as the PureCycle class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the PureCycle class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

WHAT ARE MY CHOICES IF I RECEIVE A NOTICE IN THE PURECYCLE CLASS ACTION LAWSUIT?

​​First, read the notice very carefully.  You have two choices.  First, you can do nothing and remain a member of the class represented by lead counsel.  Second, if you believe you have a large enough loss to justify it, you can opt out of the PureCycle class action lawsuit and file your own separate lawsuit. Note, that if you opt-out, you will not be able to participate in any settlement or recovery obtained in the PureCycle class action lawsuit.

CAN I SELL MY STOCK AND STILL BE A MEMBER OF THE CLASS IN THE PURECYCLE CLASS ACTION LAWSUIT?

​Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the PureCycle class action lawsuit.

WHAT IS THE DIFFERENCE BETWEEN OBJECTING AND EXCLUDING MYSELF IN THE PURECYCLE CLASS ACTION LAWSUIT?

​Objecting is telling the Court you do not believe the settlement in the PureCycle class action lawsuit, or some part of it, is fair or reasonable.  You can file an objection only if you stay in the Class and do not exclude yourself, and you may submit a Claim Form even if you object to the settlement.  On the other hand, requesting exclusion is explicitly telling the Court you do not want to be part of the Class or the Settlement in the class action against PureCycle. If you exclude yourself, you cannot object to the Settlement because you no longer have standing as you are not a class member anymore. Similarly, you cannot submit a Claim Form. If you stay in the Class and object, but your objection is overruled, you will not be allowed a second opportunity to exclude yourself.

CONTACT A PURECYCLE STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN PURECYCLE STOCK ABOUT A PURECYCLE CLASS ACTION LAWSUIT

​If you suffered losses in PureCycle stock, contact PureCycle stock loss lawyer Timothy L. Miles today for a free case evaluation about a PureCycle class action lawsuit. Call today and see what a PureCycle stock loss lawyer could do for you if you suffered losses in PureCycle​ stock.

PureCycle stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator, and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, Class Action:  Class Action: Top 100 National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022).  Mr. Miles has published over three hundred articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or Resources center and call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529