Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Root, Inc. (ROOT) Class Action Lawsuit (March 2021)

Closed

23-3392 • March 19, 2021

Class Period Start

October 28, 2020

Class Period End

August 12, 2021

PSLRA Deadline

May 18, 2021

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

Oct 28, 2023

Sec11 Statutes of Repose

Oct 27, 2023

Country

United States

Court

Federal Court

Docket History

May 2, 2023

On Appeal

Mar 31, 2023

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 20, 2022

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.

Feb 8, 2022

Scheduling Order

Jan 21, 2022

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.

Nov 19, 2021

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Root, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 25, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Root, Inc.. The allegations and class definitions are substantively the same.

Mar 19, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Root, Inc..

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