If you suffered losses in Verizon contact Verizonstock loss lawyer Timothy L. Miles about a Verizon lawsuit
Everything You Need to Know about the Verizon Class Action Lawsuit
The Verizon class action lawsuit seeks to represent purchasers or acquirers of publicly traded Verizon Communications Inc. (NYSE: VZ) securities between February 4, 2020 and July 26, 2023, inclusive (the “Class Period”). Captioned Meehan v. Verizon Communications, Inc., No. 23-cv-01375 (W.D. Pa.), the Verizon class action lawsuit charges Verizon and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934. If you suffered losses in Verizonstock and wish to serve as lead plaintiff in the class action against Verizon, please provide your information below. You can also contact VerizonStock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected]. Lead plaintiff motions for the Verizon lawsuit must be filed with the court no later than October 2, 2023.
Allegations in the Verizon Class Action Lawsuit
Verizon purports to be “one of the world’s leading providers of communications, technology, information and entertainment products and services to consumers, business and government entities.”
The Verizon class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Verizon owns telecommunications cables around the country that are highly toxic due to their being wrapped in lead, and which harm Verizon employees and non-employees alike; (ii) Verizon faces potentially significant litigation risk, regulatory risk, and reputational harm as a result of its ownership of these lead-covered cables and the health risks stemming from their presence around the United States; and (iii) Verizon was warned about the damage and risks presented by these cables but did not disclose them as a potential threat to employee safety or to everyday people and communities.
On July 9, 2023, The Wall Street Journal released an article titled “America is Wrapped in Miles of Toxic Lead Cables” which detailed how “[t]elecom companies laid them (toxic lead cables) decades ago and thousands were left behind, posing a hidden health hazard today.” The article further detailed how Verizon and other telecommunications companies “have known about the lead-covered cables and the potential risks of exposure to their workers” and that “lead was potentially leaching into the environment.” On this news, the price of Verizon stock declined.
Then, on July 14, 2023, The Wall Street Journal published an article titled “‘I was Really Sick, and I Didn’t Know From What,’” which detailed, among other things, health problems suffered by current and former Verizon employees as a result of their exposure to objects covered in lead. On this news, the price of Verizon stock further declined.
Thereafter, on July 17, 2023, The Wall Street Journal published articles titled “Environmental Groups Ask EPA to Shield Public From Abandoned Lead Cables” and “Telecom Stocks Extend Losses After WSJ Toxic Lead Investigation” that further detailed the fallout from The Wall Street Journal’s July 9 article, including how Verizon and other telecommunications companies had come under scrutiny from the U.S. Environmental Protection Agency and U.S. Federal Communications Commission. On this news, the price of Verizon stock declined more than 7%.
Finally, on July 26, 2023, The Wall Street Journal published an article titled “Justice Department and EPA Probe Telecom Companies Over Lead Cables” that detailed further regulatory scrutiny focused on Verizon and other telecommunications companies, including from federal agencies as well as state and local governments. On this news, the price of Verizon stock declined, further damaging investors who suffered losses in Verizon stock.
What is the lead plaintiff process in the Verizon class action lawsuit?
If you suffered losses in Verizon stock, call a Verizon Stock Loss Lawyer about a class action against Verizon
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. If you suffered losses inVerizon stock, and have further questions, contactVerizon stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Verizon lawsuit if you suffered losses in Verizon stock.
If I Suffered Losses in Verizon Stock, What Are the Benefits of Serving as Lead Plaintiff in the Verizon class action lawsuit?
Serving as a Lead Plaintiff in the Verizon class action lawsuit has several advantages and important benefits including:
A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred in the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation.
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in the Verizon class action lawsuit if you suffered losses in Verizon stock.
CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE VERIZON CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN VERIZON STOCK?
Will the Lead Plaintiffs Get More Money than Class Members if the Verizon Class Action Lawsuit?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the class action against Verizon. Under the Private Securities Litigation Reform Act of 1995, 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 which directly relates to the representation of the class in the Verizon lawsuit.
Can I Be Lead Plaintiff in the verizon class action lawsuit if I am Lead Plaintiff in Another Case?
Yes, unless 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. Otherwise, if you suffered losses in Verizon stock, you may move to be appointed lead plaintiff in the Verizon Lawsuit.
Can the Court Appoint More than One Lead Plaintiff in the Verizon Class Action Lawsuit?
How Was the Class Period Determined in the Class Action Against Verizon?
If you suffered losses in Verizon stock, call a Verizon stock loss lawyer
In 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.
In order to be a part of the class in the Verizon class action lawsuit, you must have suffered losses in Verizon 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 Verizon.
How Can a Verizon Stock Loss Lawyer Help Me if I Suffered Losses in Verizon Stock?
A Verizon stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.
Contact a Verizon stock loss Lawyer today if you suffered losses in Verizon stock about the Verizon class action lawsuit.
How Do I Know if I am a Member of the Class in the Verizon Class Action Lawsuit?
If I Suffered Losses in Verizon Stock, How Much Can I Get Out of the Verizon Class Action Lawsuit?
In a securities fraud class action lawsuit, the plaintiff’s damages are typically calculated as out-of-pocket losses. These losses are expressed as the difference between the price at which the stock was sold and the price at which the stock would have been sold absent any artificial inflation caused by the defendant’s alleged misrepresentations or omissions which is why you suffered losses in Verizon stock. Contact a Verizon stock loss lawyer who can explain your losses in greater detail if you suffered losses in Verizon stock.
What if I Miss the Lead Plaintiff Deadline in the suffered losses in Verizon stock Class Action Lawsuit?
If you purchased shares during the class period and suffered losses in suffered losses in Verizon stock, then you will automatically be a class member and entitled to share in any potential settlement or recovery. Your ability to be a class member and recover your losses is not dependent on you serving as a lead plaintiff. The sixty-day deadline applies only to those shareholders seeking to be a lead plaintiff in the suffered losses in Verizon stock class action lawsuit.
If I Suffered Losses in suffered losses in Verizon stock When Can I Expect to Receive My Payment if the Class Action Against suffered losses in Verizon stock Settles?
If there is a settlement in the Verizon lawsuit, you should receive a court ordered Notice through the mail which will provide a date when the court will hold a final hearing to decide if it will approve the settlement. If your address changed, you may also find lawsuits through sites such as Consumer Action and ClassAction.org along with instructions on how to submit a claim. The Notice will instruct you what you need to do to file a claim. In some class action settlements, you are automatically submitted and need to do nothing further. However, in others, you may be required to submit more information to proceed such as documentation proving your purchase, such as a receipt or brokerage slip or other evidence that you bought or sold Verizon stock during the class period and suffered losses in Verizon stock.
The court will hold a final hearing in the class action against Verizon on a date provided in the Notice to decide whether to finally approve the settlement. If the Court finally approves the settlement, and there are no objections or appeals, settlement payments will be mailed to all Participating Class Members within a few months. However, if there are objections or appeals, resolving them can take a significant amount of time, perhaps more than a year to resolve the Verizon lawsuit.
If there Is a Settlement in the Verizon Class Action Lawsuit, and I Do Not think it is Fair, what Are My Options as a Class Member?
If you receive a notice that the Verizon class action lawsuit has been settled and you do not believe the settlement is fair but do not want to opt-out and file your own lawsuit, you may object to the settlement. You may object to any part of the settlement and the Court will consider all timely filed objections in the class action against Verizon. The notice will contain the date when any objections must be filed and include instructions on where to send your objection and include a date for the final hearing in the RTX class action lawsuit if you would like to appear and be heard by the court in the Verizon class action lawsuit.
How Much Does it Cost to Hire a Verizon Stock Loss Lawyer if I Suffered Losses in Verizon Stock?
If you suffered losses in Verizon stock and are a member of the class, it does not cost anything to hire a Verizon stock loss lawyer. Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and cost are awarded by the court as a percentage of the total recovery for the class. So, contact a Verizon stock loss lawyer today if you suffered losses in Verizon stock about a Verizon class action lawsuit.
Contact a Verizon Stock Loss Lawyer Today if You Suffered in losses Verizon Stock About a Verizon Class Action Losses Lawsuit
If you suffered losses in Verizon stock, contactVerizon stock loss lawyer Timothy L. Miles today for a free case evaluation about a class action against Verizon. Call today and see what a Verizon stock loss lawyer can do for you.
VERIZONCLASS ACTION LAWSUIT
Contact a Verizon stock loss lawyer today by completing the form below if you suffered losses in Verizonstock about a class action against Verizon.
VERIZON STOCK LOSS LAWYER TIMOTHY L. MILES 855/846-6529
ATTENTION VERIZON SHAREHOLDERS: NOTICE OF LEAD PLAINTIFF DEADLINE
Motions for the appointment of lead plaintiff must be filed no later than October 2, 2023. If you suffered losses in Verizon stock and would like to move to be appointed lead plaintiff or would just like additional information, please contact Verizon stock loss lawyer Timothy L. Miles for a free, no obligation, case evaluation.
VERIZON STOCK LOSS LAWYER
Timothy L. Miles [email protected] 855/846-6529 Contact Verizon stock loss lawyer Timothy L. Miles for a free case evaluation about a Verizon lawsuit if you suffered damages in Verizonstock.
ATTENTION: VERIZON SHAREHOLDERS
If you suffered losses in Verizon stock contact Verizon stock loss lawyer Timothy L. Miles today about a class action against Verizon.
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