New York, New York--(Newsfile Corp. - June 16, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders PureCycle Technologies, Inc. (NASDAQ: PCT).
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https://claimyourloss.com/securities/purecycle-technologies-inc-loss-submission-form/?id=16938&from=5
Affected shareholders purchased shares of PCT between November 16, 2020 and May 5, 2021
Shareholders interested in representing the class of wronged shareholders have until July 12, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, PureCycle Technologies, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) the technology PureCycle licensed from Procter & Gamble is not proven and presents serious issues even at lab scale; (ii) the challenges posed by the availability and competition for the raw materials necessary to commercialize the licensed technology are significant; (iii) PureCycle's financial projections are baseless; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87762
