Securities fraud litigation history and active cases
In Litigation
0
Settlement
0
Closed
2
Total Settlement
$12M
1:23cv8605 • September 29, 2023
Class Period Start
April 25, 2023
Class Period End
December 18, 2023
PSLRA Deadline
November 28, 2023
Case Allegations
10b5
Statutes of Repose
Apr 25, 2026
Country
United States
Court
Federal Court
Jan 23, 2025
No Appeal- Closed
Dec 20, 2024
Motion to Dismiss Granted
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.
May 6, 2024
Motion to Dismiss
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.
Apr 5, 2024
First Amended Complaint
A new complaint has been filed on behalf of certain investors in PureCycle Technologies, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Feb 20, 2024
Appointment of Lead Plaintiff
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.
6:21cv809 • May 11, 2021
Class Period Start
November 15, 2020
Class Period End
February 8, 2022
PSLRA Deadline
July 12, 2021
Case Allegations
10b5
Statutes of Repose
Nov 15, 2023
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
September 12, 2024
Settlement Fund
$12,000,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired PureCycle Securities1 from November 16, 2020 through November 10, 2021, 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/purecycle/Hearing Date
October 8, 2024
Opt-out Deadline
September 12, 2024
Settlement Note
Download hereProof Of Claim
Download here
Oct 21, 2025
Disbursement Approved
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.
Oct 8, 2024
Final Approval of Settlement
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.
Sep 17, 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.
Jun 4, 2024
Proof of Claim Form
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.
Jun 4, 2024
Proposed Settlement
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