{"id":790226,"date":"2023-10-12T22:47:38","date_gmt":"2023-10-13T02:47:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pct-shareholders-with-significant-losses-should-contact-robbins-regarding-their-rights-and-remedies-in-connection-with-the-purecycle-technologies-inc-class-action\/"},"modified":"2023-10-12T22:47:38","modified_gmt":"2023-10-13T02:47:38","slug":"pct-shareholders-with-significant-losses-should-contact-robbins-regarding-their-rights-and-remedies-in-connection-with-the-purecycle-technologies-inc-class-action","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pct-shareholders-with-significant-losses-should-contact-robbins-regarding-their-rights-and-remedies-in-connection-with-the-purecycle-technologies-inc-class-action\/","title":{"rendered":"PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. Class Action"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, Oct.  12, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ekx78DOSUjMjYPLjABUT8prz2-jVoEjWm7geMetYIfq8rBhW3JLrmxPLkL7NH8exz_EAoBhsdJF90gY4_-kmo8fmZqESm7uBVELHW8FRZfqclb4pDvuQOYOo5emYPaS_\" rel=\"nofollow noopener\" target=\"_blank\">Robbins LLP<\/a>\u00a0reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired PureCycle Technologies, Inc. (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023. PureCycle claims it is commercializing a patented purification recycling technology, originally developed by The Procter &amp; Gamble Company (\u201cP&amp;G\u201d), for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled resin.<\/p>\n<p align=\"justify\">For more information, submit a <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zlE22gfABD4X77M2dpU8U0aTr3paapgOO-h_bnMy9Pq0vgxrvOybCL5YQAy1wTUaVNSSd5CtiqFNCTjGJcDHu6vneQQfgYjWFNifs2_VvJA=\" rel=\"nofollow noopener\" target=\"_blank\">form<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l-yVxgS-SQImx2IpNmUCZe1aRxA7kEzEVl3_Tmmr0PG3IrLem-q_hPuSt1PQuWVLQ9h0b2OBOXUhiaMBK6w3eg==\" rel=\"nofollow noopener\" target=\"_blank\">email<\/a> Aaron Dumas, Jr., or give us a call at (800) 350-6003.<\/p>\n<p align=\"justify\">\n        <strong>What is this Case About: <\/strong>PureCycle Technologies, Inc. (PCT) Failed to Inform Investors its Ironton Facility Experienced a Power Outage<\/p>\n<p align=\"justify\">According to the complaint, in early 2023, PureCycle claimed that it was finalizing construction and commissioning at its first commercial scale recycling facility (the \u201cIronton Facility\u201d). On September 13, 2023, PureCycle disclosed that its Ironton Facility experienced a full plant power outage on August 7, 2023, which required the facility to halt operations. The Company further disclosed that it replaced a seal that purportedly failed as a result of the power outage, and initiated facility restart procedures on September 11, 2023. On this news, PureCycle\u2019s stock price fell $1.395, or 18.4%, to close at $6.18 per share on September 14, 2023, on unusually heavy trading volume.<\/p>\n<p align=\"justify\">\n        <strong>What Now<\/strong>: Similarly situated shareholders may be eligible to participate in the class action against PureCycle Technologies, Inc. Shareholders who want to act as lead plaintiff for the class must file their motion for lead plaintiff by November 28, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=twcyaWZtqXoaELweYMQPLoZb0tg-oHTEyU8J-XG8ySEEdlQENmynQ4SfyajfNQlyax_-G6zKggwuwgwVgGNqB6PUYA6LWBh-Z_iz40NUin0=\" rel=\"nofollow noopener\" target=\"_blank\"><u>here<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>All representation is on a contingency fee basis. Shareholders pay no fees or expenses.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>About Robbins LLP<\/strong>: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ekx78DOSUjMjYPLjABUT8h7uRVNYnE-r45Se9UI7QMSRyNauWGxcPfj8rdOWU0n-Jey_m0IT-C5MKW4V18sV1Q==\" rel=\"nofollow noopener\" target=\"_blank\">Robbins LLP<\/a> have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.<\/p>\n<p align=\"justify\">To be notified if a class action against PureCycle Technologies, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KQCzpMVdDTSzhcD17DGZFt449a-UJO1_q4N9pnf-XrkhyKidLYlnfnJaGIpuafLTw62E2lbQD9pipoPFFlFmzMT2GijLR6xUhCeoshOz0PI=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Stock Watch<\/u><\/a>\u00a0today.<\/p>\n<p align=\"justify\">Attorney Advertising. Past results do not guarantee a similar outcome.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: middle\">Contact:<br \/>Aaron Dumas, Jr.<br \/>Robbins LLP<br \/>5060 Shoreham Pl., Ste. 300<br \/>San Diego, CA 92122<br \/><a href=\"mailto:adumas@robbinsllp.com\" rel=\"nofollow noopener\" target=\"_blank\">adumas@robbinsllp.com<\/a><br \/>(800) 350-6003<br \/><a href=\"http:\/\/www.robbinsllp.com\" rel=\"nofollow noopener\" target=\"_blank\">www.robbinsllp.com<\/a><\/p>\n<\/td>\n<td style=\"vertical-align: top\">\n            <a href=\"https:\/\/www.facebook.com\/RobbinsLLP\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.facebook.com\/RobbinsLLP\/<br \/><\/a><br \/>\n            <a href=\"https:\/\/www.linkedin.com\/company\/robbins-llp\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.linkedin.com\/company\/robbins-llp\/<\/a>\n          <\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0ODY3MiM1ODcxMjQ1IzIwMTExNjQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NWYxOTBlYjktNGUyMy00NDQ4LTliYWEtOWJkOTQyYTNiYjdhLTEwMjI3Mzc=\/tiny\/Robbins-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, Oct. 12, 2023 (GLOBE NEWSWIRE) &#8212; Robbins LLP\u00a0reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired PureCycle Technologies, Inc. (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023. PureCycle claims it is commercializing a patented purification recycling technology, originally developed by The Procter &amp; Gamble Company (\u201cP&amp;G\u201d), for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled resin. For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003. What is this Case About: PureCycle Technologies, Inc. (PCT) Failed to Inform Investors its Ironton Facility Experienced a Power Outage According to the complaint, in early 2023, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pct-shareholders-with-significant-losses-should-contact-robbins-regarding-their-rights-and-remedies-in-connection-with-the-purecycle-technologies-inc-class-action\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. Class Action&#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-790226","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>PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. Class Action - 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\/pct-shareholders-with-significant-losses-should-contact-robbins-regarding-their-rights-and-remedies-in-connection-with-the-purecycle-technologies-inc-class-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. Class Action - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, Oct. 12, 2023 (GLOBE NEWSWIRE) &#8212; Robbins LLP\u00a0reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired PureCycle Technologies, Inc. (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023. PureCycle claims it is commercializing a patented purification recycling technology, originally developed by The Procter &amp; Gamble Company (\u201cP&amp;G\u201d), for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled resin. For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003. What is this Case About: PureCycle Technologies, Inc. (PCT) Failed to Inform Investors its Ironton Facility Experienced a Power Outage According to the complaint, in early 2023, &hellip; Continue reading &quot;PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. 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Class Action - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pct-shareholders-with-significant-losses-should-contact-robbins-regarding-their-rights-and-remedies-in-connection-with-the-purecycle-technologies-inc-class-action\/","og_locale":"en_US","og_type":"article","og_title":"PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. Class Action - Market Newsdesk","og_description":"SAN DIEGO, Oct. 12, 2023 (GLOBE NEWSWIRE) &#8212; Robbins LLP\u00a0reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired PureCycle Technologies, Inc. (NASDAQ: PCT) securities between August 8, 2023 and September 13, 2023. PureCycle claims it is commercializing a patented purification recycling technology, originally developed by The Procter &amp; Gamble Company (\u201cP&amp;G\u201d), for restoring waste polypropylene into resin with near-virgin characteristics, called ultra-pure recycled resin. For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003. What is this Case About: PureCycle Technologies, Inc. (PCT) Failed to Inform Investors its Ironton Facility Experienced a Power Outage According to the complaint, in early 2023, &hellip; Continue reading \"PCT Shareholders with Significant Losses Should Contact Robbins Regarding Their Rights and Remedies in Connection with the PureCycle Technologies, Inc. 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