1:19cv24 • February 1, 2019
Class Period Start
July 25, 2016
Class Period End
January 18, 2019
PSLRA Deadline
April 2, 2019
Case Allegations
10b5
Statutes of Repose
Jul 25, 2019
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
August 8, 2024
Settlement Fund
$13,700,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased publicly-traded Astec Industries, Inc. (“Astec” or the “Company”) common stock during the period between July 26, 2016 and October 22, 2018, both dates inclusive.
Claim Administrator
Strategic Claims Services
P.O. Box 230
600 N. Jackson St., Ste. 205
Media, PA 19063
+1 866-274-4004
[email protected]
Settlement Website
https://www.strategicclaims.net/Astec/Hearing Date
September 5, 2024
Opt-out Deadline
August 8, 2024
Settlement Note
Download hereProof Of Claim
Download here
Jan 7, 2026
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Sep 10, 2024
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Aug 1, 2024
Motion for Final Approval of Settlement
The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.
May 16, 2024
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
May 16, 2024
May 16, 2024
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
May 6, 2024
Motion for Preliminary Approval of Settlement
The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.
Dec 18, 2023
Motion for Class Certification
The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.
Jun 4, 2021
Feb 19, 2021
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Dec 4, 2019
Oct 25, 2019
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Aug 26, 2019
A new complaint has been filed on behalf of certain investors in ASTEC INDUSTRIES INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Jul 3, 2019
Jun 26, 2019
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Feb 1, 2019
A securities fraud class action complaint has been filed on behalf of certain investors in ASTEC INDUSTRIES INC.
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