Introduction to the PepGen Class Action Lawsuit
The PepGen class action lawsuit seeks to represent purchasers or acquirers of PepGen Inc. (NASDAQ: PEPG) securities between March 7, 2024 and March 3, 2025, inclusive (the “Class Period”). Captioned Karam v.PepGen Inc., No. 25-cv-03221 (E.D.N.Y.), the PepGen class action lawsuit charges PepGen and certain of PepGen’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the PepGen class action lawsuit, or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com.
Lead plaintiff motions for the PepGen class action lawsuit must be filed with the court no later than August 8, 2025.
In this guide, we provide a timeline of events for the entire duration of a typical securities class action lawsuit like the PepGen class action lawsuit, with approximately how long each step takes so you will have a better understanding of the timing of events in the PepGen lawsuit.
What Is a Securities Fraud Class Action Lawsuit?
A securities fraud class action lawsuit is a legal proceeding in which a group of investors collectively brings a claim against a company or its executives for violating securities laws. These violations typically involve deceitful practices, such as misrepresenting or omitting crucial information about the company’s financial health, which subsequently leads to investors making decisions based on false or incomplete data. When such fraudulent activities are revealed, they often result in significant financial losses for shareholders, prompting the need for legal redress through a class action lawsuit.
The primary objective of a securities fraud class action lawsuit is to recover financial losses for the affected investors and hold the responsible parties accountable for their actions. This type of litigation allows individual investors who might otherwise lack the resources to file a lawsuit independently, to join forces with other similarly affected shareholders.
By aggregating their claims, the plaintiffs can leverage greater legal and financial power to seek compensation and justice. The court’s decision in these cases can also serve as a deterrent to other companies and executives, discouraging future fraudulent behavior in financial markets.
In order to initiate a securities fraud class action lawsuit, the plaintiffs must prove that the defendant company made false or misleading statements about material facts that investors relied upon when purchasing or selling securities.
Additionally, they must demonstrate that these misrepresentations directly caused their financial losses. Legal proceedings in such cases often involve thorough investigations and detailed analyses of the company’s statements, financial reports, and market performance.
One notable example is the PepGen class action lawsuit, which highlights the critical aspects of securities fraud litigation. In this case, investors alleged that PepGen had provided misleading information regarding their business operations and financial stability, resulting in artificially inflated stock prices.
When the true state of affairs came to light, stock values plummeted, causing substantial losses for shareholders. The PepGen class action lawsuit thus serves as a pertinent illustration of how collective legal efforts can address corporate malfeasance and seek restitution for affected investors.
It is important to note that securities fraud class action lawsuits can be complex and protracted, often involving multiple parties and extensive legal proceedings. Investors considering joining such lawsuits should seek the advice of experienced legal counsel to understand the implications and potential outcomes of their participation. Legal experts can provide valuable guidance on the merits of the case, the likelihood of success, and the possible compensation that could be recovered.
In conclusion, a securities fraud class action lawsuit is a vital legal mechanism that enables aggrieved investors to seek redress for financial losses incurred due to corporate deceit. By holding companies accountable for fraudulent practices, these lawsuits not only aim to compensate affected shareholders but also reinforce the integrity of financial markets. The PepGen class action lawsuit exemplifies the significance of such legal actions in promoting transparency and accountability within the corporate sphere.
Lead Plaintiff Appointment in the PepGen Lawsuit: Approximately Four Months After Initial Complaint Filed
When a securities class action is filed such as the PepGen class action lawsuit , the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the PepGen class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
At the end of the sixty days, the court can rule on the lead plaintiff’s motion just on the pleading filed with the court, or the judge may set a hearing on the motion for 30–45 days after the sixty-day expiration. If a hearing is held, the judge will issue an order afterwards appointing a lead plaintiff which could be a couple weeks to a couple months.
Regardless, the PSLRA states that not later than 90 days after the initial filing and notice the court must consider the lead plaintiff’s motions and must consolidate all the related cases filed before issuing an order on the lead plaintiff. Thus, from the initial filing until a lead plaintiff is appointed, about four months have passed.
Filing of a Consolidated Complaint: Approximately Six Months After Initial Filing of PepGen Lawsuit
After the appointment of lead plaintiff, the court will enter a scheduling order which will include a time, usually about 60 days, for the lead plaintiff to file a consolidated complaint consolidating the allegations all complaints along with any new additional allegations.
The Defendants Motion to Dismiss: Decided Nearly a Year After the Initial PepGen Lawsuit Was Filed
In the same scheduling order, the court will also set a time for the defendants to file a motion to dismiss and schedule a briefing and possibly a hearing on the motion once the briefing is completed. The defendants may have 45 to 60 days to file the motion to dismiss and then the briefing schedule is typically around 60 days, and the court will then enter an order either granting or denying the motion to dismiss.
Thus, by the time defendants’ motion to dismiss is decided nearly a year has passed since the filing of the original complaint was filed in the PepGen lawsuit and could be possibly longer given the court’s schedule.
Completion Of Discovery: Two-and-a-Half-Years After Initial Filing of PepGen Lawsuit
If the defendant’s motion to dismiss is denied in the PepGen lawsuit, the parties will move into the discovery phase including the exchange of documents, request for admissions, interrogatories, depositions, and third-party subpoenas, among others.
The discovery phase usually takes about a year, though it can be less or more depending on the size of the case and its complexity.
Thus, by the time discovery is completed approximately two-and-a-half years have passed since the initial filing, which is approximately how long it takes a securities class action to resolve.
Settlement Negotiation and Mediation
By now two-and-a-half to three years have passed since the initial filing of the PepGen lawsuit. However, it is at this point that nearly all securities class actions result in a settlement, but that process takes time also. Once the parties have reached an agreement, it will have to be preliminarily approved by the court with notice to shareholders with the right to object, obtain final approval of the settlement, and then the claims process begins.
Usually, a third-party administrator is hired to administer the common fund. If the parties have complied with all the steps for approval, the judge will approve the distribution of the settlement fund by the claim’s administrator. You will receive a court-appointed notice and have to send in a claim form confirming your purchases and sales. This process alone can take up to a year and therefore it may be four years until the case is finally resolved.
Frequently Asked Questions About the PepGen Lawsuit
Frequently Asked Questions About the PepGen LawsuitWhat initiated the PepGen lawsuit?
The lawsuit was initiated by investors alleging that PepGen provided misleading information regarding its financial health and operations, resulting in financial losses.
How can I join the PepGen lawsuit?
If you purchased shares during the class period and suffered a loss, then you are automatically a member of the class and do not need to do anything at this point unless you are considering moving for lead plaintiff.
What are the potential benefits of the PepGen lawsuit?
Class action lawsuits allow individual investors to collectively seek justice and compensation, which might be challenging to pursue individually. They also promote corporate accountability.
How long will the PepGen lawsuit take to resolve?
The duration of class action lawsuits can vary significantly, depending on the complexity of the case, legal strategies, and whether settlements are reached. It could take several months to years.
Who can participate in the PepGen lawsuit?
Investors who purchased or acquired PepGen securities between March 7, 2024 and March 3, 2025, are eligible to participate in the PepGen lawsuit. This includes anyone who bought PepGen shares on the NASDAQ exchange during this period and experienced losses.
What is the deadline for filing a lead plaintiff motion in the PepGen lawsuit?
The deadline to file for lead plaintiff status in the PepGen class action lawsuit is August 8, 2025. Investors who wish to serve as lead plaintiff must contact a securities litigation firm before this date and demonstrate substantial financial losses.
Contact Timothy L. Miles Today About a PepGen Class Action Lawsuit
If you suffered substantial losses and wish to serve as lead plaintiff of the PepGen class action lawsuit, or just have general questions about you rights as a PepGen shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at tmiles@timmileslaw.com. (24/7/365).
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr. #247
Mailbox #1091
Brentwood,TN 37027
Phone: (855) Tim-MLaw (855-846-6529)
Email: tmiles@timmileslaw.com
Website: www.classactionlawyertn.com
