Recent Security Class Actions

PureCycle Technologies Inc. Common stock (NASDAQ: PCT)

Company Name:PureCycle Technologies Inc. Common stock
Stock Symbol:NASDAQ: PCT
Class Period Start:04/25/2023
Class Period End (inclusive):12/18/2023
Filing Deadline:11/28/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Ironton Facility experienced a full plant power outage on August 7, 2023; (2) that there was a risk of additional failures resulting from the August 7, 2023 power outage; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.