{"id":496326,"date":"2021-05-20T08:03:11","date_gmt":"2021-05-20T12:03:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\/"},"modified":"2021-05-20T08:03:11","modified_gmt":"2021-05-20T12:03:11","slug":"lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\/","title":{"rendered":"LAWSUIT FILED: Block &amp; Leviton LLP Has Filed a Lawsuit Against PureCycle Technologies, Inc. for Securities Fraud; Investors Who Lost Money Should Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BOSTON, May  20, 2021  (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QVa7x1HOjlFF4LUGjn3fE5Kg0rcFIRxFKre_Qta4xKmazUqbSXSUBCDU7Wv3rzMVFq9SRXdD2MQH29Bo5IedIIaonNsa7dpGn640bK0ihDE=\" rel=\"nofollow noopener\" target=\"_blank\">www.blockleviton.com<\/a>), a national securities litigation firm, announces that it has filed a class action lawsuit on behalf of shareholders against PureCycle Technologies, Inc. (NASDAQ: PCT) and certain of its executives for securities fraud. Investors who purchased PureCycle shares between November 16, 2020 and May 5, 2021, and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=N24fmrM4LsRYaLW9XB-UyW8BE-T627qI-6rbB3y-LtivtoMBs4QYsXfYeUCJieJ_5qNzj9_MFWgkbKH-FQiZFI1WWN5mr7thzPaPM4Mwoo8=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a>, or to visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1snpyeGrc3zqILLlmCycdlynStHLph90egeA1KczmubCamq6u8vPN95b2473Q5fRbO-_IHMGz3GwCR_jBEXyUWqXfinRNvO3zXN70gMwXp0=\" rel=\"nofollow noopener\" target=\"_blank\">website<\/a> for information on the case. The deadline to seek appointment as lead plaintiff is July 12, 2021.<\/p>\n<p align=\"justify\">On May 6, 2021, before the markets opened, analyst Hindenburg Research issued a scathing report concerning PureCycle. In its report, Hindenburg wrote that \u201cPureCycle represents the worst qualities of the SPAC boom; another quintessential example of how executives and SPAC sponsors enrich themselves while hoisting unproven technology and ridiculous financial projections onto the public markets, leaving retail investors to face the ultimate consequences.\u201d Hindenburg explained that it spoke with \u201cmultiple former employees\u201d of earlier companies that PureCycle\u2019s CEO and other associated executives took public before PureCycle, \u201cwho said that PureCycle\u2019s executives based their financial projections on \u2018wild ass guessing,\u2019 brought companies public far too early, and had deceived investors.\u201d On this news, PCT shares plummeted from their May 5, 2021 close of $24.59 to a May 6, 2021 close of $14.83, on unusually heavy volume. This represents a one-day loss of approximately 40%.<\/p>\n<p align=\"justify\">The lawsuit was filed in the U.S. District Court for the Middle District of Florida. The case is captioned <em>Theodore v. PureCycle Technologies, Inc., et al.<\/em>, No. 21-cv-809 (M.D. Fla.), and has been assigned to Judge Paul G. Byron in the George C. Young Federal Annex Courthouse, 401 West Central Boulevard, Orlando, FL 32801. The class period is between November 16, 2020 and May 5, 2021, inclusive. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.<\/p>\n<p align=\"justify\">If you purchased or acquired PureCycle shares between November 16, 2020 and May 5, 2021 and have questions about your legal rights or possess information relevant to this matter, please contact Block &amp; Leviton attorneys at (617) 398-5600, via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=N24fmrM4LsRYaLW9XB-UyW8BE-T627qI-6rbB3y-Lthfa4i0ai_qm-hLwRCkw2hejtl5YwBwukjV5md4nCIkX9lY_r5tEYl8hNLhlUOHuUk=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a>, or visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1snpyeGrc3zqILLlmCycdoXRegPxuaKLUkc9RaljmaTPqq9wuGXNr5mINigibEKPaKd7xHEdhZDt0jgfdkBWBhzDlVjRpkrnDwF13yeI2uQ=\" rel=\"nofollow noopener\" target=\"_blank\">website<\/a>. The deadline to seek appointment as lead plaintiff is July 12, 2021.<\/p>\n<p align=\"justify\">Block &amp; Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country\u2019s financial markets. The firm represents many of the nation\u2019s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm\u2019s lawyers have recovered billions of dollars for its clients.<\/p>\n<p align=\"justify\">This notice may constitute attorney advertising.<\/p>\n<p align=\"justify\">CONTACT:<br \/>BLOCK &amp; LEVITON LLP<br \/>260 Franklin St., Suite 1860<br \/>Boston, MA 02110<br \/>Phone: (617) 398-5600<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=N24fmrM4LsRYaLW9XB-UyW8BE-T627qI-6rbB3y-LtgFOIJSsa46LvB1QF4IWjxQvoCn2YdBuSj_XJ5XFalbhuieI2_km0gyvmHF9520ua4=\" rel=\"nofollow noopener\" target=\"_blank\">cases@blockleviton.com<\/a><br \/>SOURCE: Block &amp; Leviton LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QVa7x1HOjlFF4LUGjn3fE8ZMk5bt2YwVfkX5B0tIRU0FlewBZEI34Vneudp4t0MBvTNb6VE8n3ev97cqOqTHEudqOuPee0V0n0m6nntAIHA=\" rel=\"nofollow noopener\" target=\"_blank\">www.blockleviton.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzOTg2NCM0MTkzMjY2IzIwMTgxMTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/cc077f22-f755-42b9-b2d7-591d7641d1fd\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, May 20, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (www.blockleviton.com), a national securities litigation firm, announces that it has filed a class action lawsuit on behalf of shareholders against PureCycle Technologies, Inc. (NASDAQ: PCT) and certain of its executives for securities fraud. Investors who purchased PureCycle shares between November 16, 2020 and May 5, 2021, and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case. The deadline to seek appointment as lead plaintiff is July 12, 2021. On May 6, 2021, before the markets opened, analyst Hindenburg Research issued a scathing report concerning PureCycle. In its report, Hindenburg &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LAWSUIT FILED: Block &amp; Leviton LLP Has Filed a Lawsuit Against PureCycle Technologies, Inc. for Securities Fraud; Investors Who Lost Money Should Contact the Firm&#8221;<\/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-496326","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LAWSUIT FILED: Block &amp; Leviton LLP Has Filed a Lawsuit Against PureCycle Technologies, Inc. for Securities Fraud; Investors Who Lost Money Should Contact the Firm - 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\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LAWSUIT FILED: Block &amp; Leviton LLP Has Filed a Lawsuit Against PureCycle Technologies, Inc. for Securities Fraud; Investors Who Lost Money Should Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, May 20, 2021 (GLOBE NEWSWIRE) &#8212; Block &amp; Leviton LLP (www.blockleviton.com), a national securities litigation firm, announces that it has filed a class action lawsuit on behalf of shareholders against PureCycle Technologies, Inc. (NASDAQ: PCT) and certain of its executives for securities fraud. Investors who purchased PureCycle shares between November 16, 2020 and May 5, 2021, and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case. The deadline to seek appointment as lead plaintiff is July 12, 2021. On May 6, 2021, before the markets opened, analyst Hindenburg Research issued a scathing report concerning PureCycle. In its report, Hindenburg &hellip; Continue reading &quot;LAWSUIT FILED: Block &amp; Leviton LLP Has Filed a Lawsuit Against PureCycle Technologies, Inc. for Securities Fraud; Investors Who Lost Money Should Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-20T12:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzOTg2NCM0MTkzMjY2IzIwMTgxMTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lawsuit-filed-block-leviton-llp-has-filed-a-lawsuit-against-purecycle-technologies-inc-for-securities-fraud-investors-who-lost-money-should-contact-the-firm-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"LAWSUIT FILED: Block &amp; 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(NASDAQ: PCT) and certain of its executives for securities fraud. Investors who purchased PureCycle shares between November 16, 2020 and May 5, 2021, and who lost money are strongly encouraged to contact Block &amp; Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case. The deadline to seek appointment as lead plaintiff is July 12, 2021. On May 6, 2021, before the markets opened, analyst Hindenburg Research issued a scathing report concerning PureCycle. 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