{"id":492321,"date":"2021-05-12T09:38:25","date_gmt":"2021-05-12T13:38:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-purecycle-technologies-pct-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/"},"modified":"2021-05-12T09:38:25","modified_gmt":"2021-05-12T13:38:25","slug":"hagens-berman-national-trial-attorneys-encourages-purecycle-technologies-pct-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-purecycle-technologies-pct-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages PureCycle Technologies (PCT) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN FRANCISCO<\/span>, May 12, 2021<\/span> \/PRNewswire\/ —\u00a0Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT)\u00a0investors with significant losses to submit your losses now<\/a>.\u00a0A class action has been filed and certain investors may have valuable claims. <\/p>\n

\n

\n
\n \"Hagens
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n Nov. 16, 2020<\/span> \u2013 May 5, 2021<\/span>
Lead Plaintiff Deadline: <\/b>July 12, 2021<\/span>
Visit:<\/b>\u00a0www.hbsslaw.com\/investor-fraud\/PCT<\/a>
Contact An Attorney Now:<\/b>\u00a0PCT@hbsslaw.com<\/a>\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895<\/b><\/p>\n

\n PureCycle Technologies, Inc. <\/b>(NASDAQ: PCT)\u00a0Securities Fraud Action:
<\/b>The case centers on Defendants’ repeated false claims that PureCycle is an environmental, social and governance (“ESG”) company that is commercializing a proven patented purification recycling technology developed by Proctor & Gamble for restoring waste polypropylene into resin with near-virgin characteristics.<\/p>\n

The complaint alleges Defendants concealed that (1) the licensed P&G technology is not proven and has serious issues even at lab level, (2) challenges posed by competition for- and availability of- raw materials necessary for successful commercialization of the technology are significant, and (3) PureCycle’s financial projections are baseless.<\/p>\n

The truth emerged on May 6, 2021<\/span>, when analyst Hindenburg Research<\/i> published a scathing report entitled “PureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street.” Among other things, Hindenburg<\/i> challenges the validity of PureCycle’s technology and purported access to feedstock to run PCT process economically.\u00a0Hindenburg<\/i> also takes issue with PureCycle’s aggressive financial projections, its purported recycling partnerships with well-known companies like L’Oreal and Total, and the track record of the SPAC sponsors.<\/p>\n

In response to this news, the price of PureCycle shares crashed lower.<\/p>\n

“We’re focused on investors’ losses and proving PureCycle engaged in greenwashing,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation. <\/p>\n

If you are a PureCycle\u00a0investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding PureCycle should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email PCT@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n <\/u>
\n
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.\u00a0The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

CONTACT:
Reed Kathrein<\/span>, 844-916-0895<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-encourages-purecycle-technologies-pct-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed-301289630.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN FRANCISCO, May 12, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT)\u00a0investors with significant losses to submit your losses now.\u00a0A class action has been filed and certain investors may have valuable claims. Class Period: Nov. 16, 2020 \u2013 May 5, 2021Lead Plaintiff Deadline: July 12, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/PCTContact An Attorney Now:\u00a0PCT@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 PureCycle Technologies, Inc. (NASDAQ: PCT)\u00a0Securities Fraud Action: The case centers on Defendants’ repeated false claims that PureCycle is an environmental, social and governance (“ESG”) company that is commercializing a proven patented purification recycling technology developed by Proctor & Gamble for restoring waste polypropylene into resin with near-virgin characteristics. The complaint alleges Defendants concealed that (1) the licensed P&G technology is not proven and has serious issues … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages PureCycle Technologies (PCT) Investors to Contact Firm’s Attorneys Now, Securities Fraud Case Filed”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-492321","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages PureCycle Technologies (PCT) Investors to Contact Firm's Attorneys Now, Securities Fraud Case Filed - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-purecycle-technologies-pct-investors-to-contact-firms-attorneys-now-securities-fraud-case-filed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages PureCycle Technologies (PCT) Investors to Contact Firm's Attorneys Now, Securities Fraud Case Filed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, May 12, 2021 \/PRNewswire\/ —\u00a0Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT)\u00a0investors with significant losses to submit your losses now.\u00a0A class action has been filed and certain investors may have valuable claims. Class Period: Nov. 16, 2020 \u2013 May 5, 2021Lead Plaintiff Deadline: July 12, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/PCTContact An Attorney Now:\u00a0PCT@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 PureCycle Technologies, Inc. (NASDAQ: PCT)\u00a0Securities Fraud Action: The case centers on Defendants’ repeated false claims that PureCycle is an environmental, social and governance (“ESG”) company that is commercializing a proven patented purification recycling technology developed by Proctor & Gamble for restoring waste polypropylene into resin with near-virgin characteristics. 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(NASDAQ: PCT)\u00a0investors with significant losses to submit your losses now.\u00a0A class action has been filed and certain investors may have valuable claims. Class Period: Nov. 16, 2020 \u2013 May 5, 2021Lead Plaintiff Deadline: July 12, 2021Visit:\u00a0www.hbsslaw.com\/investor-fraud\/PCTContact An Attorney Now:\u00a0PCT@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 PureCycle Technologies, Inc. (NASDAQ: PCT)\u00a0Securities Fraud Action: The case centers on Defendants’ repeated false claims that PureCycle is an environmental, social and governance (“ESG”) company that is commercializing a proven patented purification recycling technology developed by Proctor & Gamble for restoring waste polypropylene into resin with near-virgin characteristics. 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