{"id":508427,"date":"2021-06-30T15:56:21","date_gmt":"2021-06-30T19:56:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-purecycle-technologies-inc-pct-and-encourages-investors-with-more-than-100000-in-losses-to-contact-the-firm\/"},"modified":"2021-06-30T15:56:21","modified_gmt":"2021-06-30T19:56:21","slug":"lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-purecycle-technologies-inc-pct-and-encourages-investors-with-more-than-100000-in-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-purecycle-technologies-inc-pct-and-encourages-investors-with-more-than-100000-in-losses-to-contact-the-firm\/","title":{"rendered":"Lowey Dannenberg Investigates Claims on Behalf of Investors of PureCycle Technologies, Inc. (PCT) and Encourages Investors with more than $100,000 in Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, June  30, 2021  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of PureCycle Technologies, Inc. (\u201cPureCycle\u201d or the \u201cCompany\u201d) (NASDAQ: PCT). If you are a shareholder of PureCycle with more than $100,000 in losses, you should contact the Firm.<\/p>\n<p>On May 6, 2021, Hindenburg Research, a short-seller, published a report challenging the valuation of the Company. \u201cPureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street\u201d alleges that the SPAC [special purpose acquisition company] sponsors took PureCycle public to make money for themselves while promoting \u201cunproven technology and ridiculous financial projections.\u201d The report also reveals that Hindenburg consulted with a \u201c30-year expert on polymers, with a background in advanced plastics recycling,\u201d and that this expert stated that the Company\u2019s patent is \u201cindirect,\u201d \u201cvague,\u201d and \u201ca regurgitation of prior art.\u201d<\/p>\n<p>On this news, shares of PureCycle fell by almost 40%, to close at $14.83 on May 6, 2021, thereby injuring investors.<\/p>\n<p>If you are a shareholder of PureCycle who purchased PureCycle securities between November 16, 2020 and May 5, 2021, you have until July 12, 2021, to ask the Court to appoint you as Lead Plaintiff for the class. To participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=meFvkuue5SJyuuX_DHCe4cZhfSqOFezn2RDKn9u_y1N3DY9kSG06FQaHYZ9amHprU9nTWUsM6VQWiZnSKMHIVgkmmsSpWksX_ApNnbAOVFY=\" rel=\"nofollow noopener\" target=\"_blank\"><u>investigations@lowey.com<\/u><\/a>. You can also visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uOulRuXS2vsoMCYU3IGbc2Ljy9AIcOUNt-VrcmS08WHzrxl54ImhPXKcf6w321fWpMp7H_UFyaGZUte-G37rYTzyz8YaoKGf2IBJRPpUu_Yw-qSUNom7oUqQpa2Y-PV_jXNk8wuPPGD3pFVXs9lKlzRM_4Am6FJ1XvSjDwcjs0E=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/lowey.com\/cases\/purecycle-technologies-inc\/<\/a>.<\/p>\n<p>\n        <strong>Whistleblowers:\u00a0<\/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.<\/p>\n<p>\n        <strong>About Lowey Dannenberg<\/strong>\n      <\/p>\n<p>Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.<\/p>\n<p>\n        <strong>Contact<\/strong>\n      <\/p>\n<p>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7256<br \/>Email: investigations@lowey.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MzQ5MCM0Mjc3ODE5IzIxOTQ1MzQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/a6877547-0384-43c3-924c-9e39d8bfcb1a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of PureCycle Technologies, Inc. (\u201cPureCycle\u201d or the \u201cCompany\u201d) (NASDAQ: PCT). If you are a shareholder of PureCycle with more than $100,000 in losses, you should contact the Firm. On May 6, 2021, Hindenburg Research, a short-seller, published a report challenging the valuation of the Company. \u201cPureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street\u201d alleges that the SPAC [special purpose acquisition company] sponsors took PureCycle public to make money for themselves while promoting \u201cunproven technology and ridiculous financial projections.\u201d The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-purecycle-technologies-inc-pct-and-encourages-investors-with-more-than-100000-in-losses-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lowey Dannenberg Investigates Claims on Behalf of Investors of PureCycle Technologies, Inc. (PCT) and Encourages Investors with more than $100,000 in Losses to 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-508427","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lowey Dannenberg Investigates Claims on Behalf of Investors of PureCycle Technologies, Inc. (PCT) and Encourages Investors with more than $100,000 in Losses to 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\/lowey-dannenberg-investigates-claims-on-behalf-of-investors-of-purecycle-technologies-inc-pct-and-encourages-investors-with-more-than-100000-in-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lowey Dannenberg Investigates Claims on Behalf of Investors of PureCycle Technologies, Inc. (PCT) and Encourages Investors with more than $100,000 in Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of PureCycle Technologies, Inc. (\u201cPureCycle\u201d or the \u201cCompany\u201d) (NASDAQ: PCT). If you are a shareholder of PureCycle with more than $100,000 in losses, you should contact the Firm. On May 6, 2021, Hindenburg Research, a short-seller, published a report challenging the valuation of the Company. \u201cPureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street\u201d alleges that the SPAC [special purpose acquisition company] sponsors took PureCycle public to make money for themselves while promoting \u201cunproven technology and ridiculous financial projections.\u201d The &hellip; Continue reading &quot;Lowey Dannenberg Investigates Claims on Behalf of Investors of PureCycle Technologies, Inc. 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On May 6, 2021, Hindenburg Research, a short-seller, published a report challenging the valuation of the Company. \u201cPureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall Street\u201d alleges that the SPAC [special purpose acquisition company] sponsors took PureCycle public to make money for themselves while promoting \u201cunproven technology and ridiculous financial projections.\u201d The &hellip; Continue reading \"Lowey Dannenberg Investigates Claims on Behalf of Investors of PureCycle Technologies, Inc. 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