{"id":501551,"date":"2021-06-07T16:56:16","date_gmt":"2021-06-07T20:56:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\/"},"modified":"2021-06-07T16:56:16","modified_gmt":"2021-06-07T20:56:16","slug":"hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys"},"content":{"rendered":"
\n

SAN FRANCISCO, June 07, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT)<\/strong> investors with significant losses to submit your losses now<\/a>. A class action has been filed and certain investors may have valuable claims.<\/p>\n

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

\n PureCycle Technologies, Inc. (NASDAQ: PCT) Securities Fraud Action: <\/strong>\n <\/p>\n

The case centers on Defendants\u2019 repeated false claims that PureCycle is an environmental, social and governance (\u201cESG\u201d) 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\u2019s financial projections are baseless.<\/p>\n

The truth emerged on May 6, 2021, when analyst Hindenburg Research<\/em> published a scathing report entitled \u201cPureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street.\u201d Among other things, Hindenburg<\/em> challenges the validity of PureCycle\u2019s technology and purported access to feedstock to run PCT process economically. Hindenburg<\/em> also takes issue with PureCycle\u2019s aggressive financial projections, its purported recycling partnerships with well-known companies like L\u2019Oreal 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

\u201cWe\u2019re focused on investors\u2019 losses and proving PureCycle engaged in greenwashing,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a PureCycle investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>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 at 844-916-0895<\/strong> or email PCT@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

\n Contact: <\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n

\n
\n
\n \n <\/div>\n

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

SAN FRANCISCO, June 07, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT) investors with significant losses to submit your losses now. A 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:www.hbsslaw.com\/investor-fraud\/PCTContact An Attorney Now:PCT@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 PureCycle Technologies, Inc. (NASDAQ: PCT) Securities Fraud Action: The case centers on Defendants\u2019 repeated false claims that PureCycle is an environmental, social and governance (\u201cESG\u201d) 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 … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys”<\/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-501551","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys - 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-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\/\" \/>\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, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, June 07, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges PureCycle Technologies, Inc. (NASDAQ: PCT) investors with significant losses to submit your losses now. A 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:www.hbsslaw.com\/investor-fraud\/PCTContact An Attorney Now:PCT@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 PureCycle Technologies, Inc. (NASDAQ: PCT) Securities Fraud Action: The case centers on Defendants\u2019 repeated false claims that PureCycle is an environmental, social and governance (\u201cESG\u201d) 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 … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-07T20:56:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1MDI3NiM0MjMxNTg4IzIwMTg1MzI=\" \/>\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\\\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys\",\"datePublished\":\"2021-06-07T20:56:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\\\/\"},\"wordCount\":449,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI1MDI3NiM0MjMxNTg4IzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-purecycle-technologies-pct-investors-to-securities-class-action-encourages-investors-with-losses-to-contact-its-attorneys\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts PureCycle Technologies (PCT) Investors to Securities Class Action, Encourages Investors with Losses to Contact its Attorneys - 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(NASDAQ: PCT) investors with significant losses to submit your losses now. A 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:www.hbsslaw.com\/investor-fraud\/PCTContact An Attorney Now:PCT@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 PureCycle Technologies, Inc. (NASDAQ: PCT) Securities Fraud Action: The case centers on Defendants\u2019 repeated false claims that PureCycle is an environmental, social and governance (\u201cESG\u201d) 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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