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
Mar 31, 2023
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
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.
Jan 21, 2022
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
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
Another plaintiff has filed a complaint on behalf of investors in Root, Inc.. The allegations and class definitions are substantively the same.
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