INTRODUCTION TO THE VICOR CLASS ACTION LAWSUITThe Vicor class action lawsuit seeks to represent purchasers or acquirers of Vicor Corporation (NASDAQ: VICR) publicly traded common stock between April 26, 2023 and February 22, 2024, inclusive (the “Class Period”). Captioned Valiquette v. Vicor Corporation, No. 24-cv-11935 (D. Mass.), the Vicor class action lawsuit charges Vicor and certain of Vicor’s top executives with violations of the Securities Exchange Act of 1934. If you suffered losses in Vicor stock and wish to serve as lead plaintiff in the Vicor class action lawsuit, or just have general questions about your rights as a shareholder, please contact Vicor Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. In this guide, we will discuss everything a Vicor shareholder needs to know about the lead plaintiff process in the Vicor class action lawsuit. Lead plaintiff motions for the Vicor class action lawsuit must be filed with the court no later than September 23, 2024. THE LEAD PLAINTIFF DEADLINE IN THE VICOR CLASS ACTION LAWSUITLead plaintiff motions for the Vicor class action lawsuit must be filed with the court no later than September 9, 2024. When a securities class action is filed such as the Vicor 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 must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. THE LEAD PLAINTIFF PROCESS IN THE VICOR CLASS ACTION LAWSUITThe PSLRA permits any investor who purchased and suffered losses in Vicor stock to seek appointment as lead plaintiff in the Vicor class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. A NON-US INVESTOR MAY SERVE AS A LEAD PLAINTIFF IN THE VICOR CLASS ACTION LAWSUITCourts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Vicorstock, they may move the Court to be appointed lead plaintiff in the class action against Vicor. THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE CLASS ACTION AGAINST VICOR
THE RESPONSIBILITIES THE LEAD PLAINTIFF IN THE VICOR CLASS ACTION LAWSUIT WILL HAVE
THE LEAD PLAINTIFF DO NOT GET MORE MONEY IF VICOR CLASS ACTION SETTLESHowever, they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLAR, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class. A court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the class action against Vicor on behalf of investors who suffered losses in Vicor stock. you cannot serve as a lead plaintiff in the class action against Vicor if you purchased shares outside of the class periodEven if you suffered losses in Vicor stock, if you purchased securities outside of the Class period, you will not be able to participate in the class action against Vicor. class period determination in the class action against vicorIn a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure. To be a part of the class in the Vicor lawsuit, you must have suffered losses in Vicor stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Vicor. you may serve as lead plaintiff in the Vicor class action lawsuit if I sold your sharesYes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Vicor lawsuit. you can serve as lead plaintiff in the class action against vicor even if you are serving as lead plaintiff in another securities class actionUnless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws, if you suffered losses in Vicor stock, you may move to be appointed lead plaintiff in the Vicor lawsuit. the court may appoint more than one lead plaintiff in the Vicor lawsuitAt its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Vicor class action lawsuit. CONTACT VICOR STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT A VICOR CLASS ACTION LAWSUITIf you suffered losses in Vicor stock, contact Vicor stock loss lawyer Timothy L. Miles today for a free case evaluation about a Vicor class action lawsuit. Call today and see what a Vicor stock loss lawyer could do for you if you suffered losses in Vicor stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. SECURITIES FRAUD LAW FIRM The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 Email: [email protected] VICOR 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 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 sixty 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 call for free anytime. Comments are closed.
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The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846-6529 Email: [email protected] HOURS OF OPERATION Mon-Fri: 24/7 Sat-Sun: 24/7 |
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