Moderna Class Action Lawsuit: The Perfect Magisterial Guide

Moderna Class Action Lawsuit: The Perfect Magisterial Guide

Call Timothy L Miles today for a free case evaluation in the Moderna class action lawsuit

The Moderna class action lawsuit seeks to represent purchasers or acquirers of Moderna, Inc. (NASDAQ: MRNA) publicly traded securities between January 18, 2023 and June 25, 2024, inclusive (the “Class Period”).  Captioned Wentz v. Moderna, Inc., No. 24-cv-12058 (D. Mass.), the Moderna class action lawsuit charges Moderna and certain of Moderna’s top executives with violations of the Securities Exchange Act of 1934.

If you have suffered losses in Moderna stock and are interested in becoming the lead plaintiff in the Moderna lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to Moderna Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form. Lead plaintiff motions for the Moderna class action lawsuit must be filed with the court no later than October 8, 2024.

In this perfect magisterial guide, we will discuss everything a Moderna shareholder need to know about the Moderna class action lawsuit at this stage of the litigation. 

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Moderna class action lawsuit

Moderna is a biotechnology company that discovers, develops, and commercializes messenger RNA (“mRNA”) therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, autoimmune, and cardiovascular diseases. The Moderna class action lawsuit can be summarized as follows:

• In July 2023, Moderna initiated a rolling submission of a Biologics License Application (“BLA”) to the U.S. Food and Drug Administration (“FDA”) for real-time review of mRESVIA (“mRNA-1345”).​

• The Moderna class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) mRNA-1345 was less effective than defendants had led investors to believe; and (ii) accordingly, mRNA-1345’s clinical and/or commercial prospects were overstated.
• On May 31, 2024, Moderna indicated a vaccine efficacy for mRNA-1345 of only 78.7%, significantly lower than the 83.7% vaccine efficacy that Moderna had previously identified in its mRNA-1345 BLA rolling submission to the FDA.  On this news, the price of Moderna stock fell nearly 6%, according to the complaint.
• Then, on June 26, 2024, the Moderna class action lawsuit further alleges that Moderna disclosed that after 18 months, mRNA-1345 proved only 49.9% to 50.3% effective against multiple symptoms of lower respiratory tract disease – a significantly lower efficacy rate than vaccines produced by Moderna’s competitors. On this news, the price of Moderna stock fell more than 11%, according to the complaint.

THE LEAD PLAINTIFF DEADLINE IN THE CLASS ACTION against Moderna

Lead plaintiff motions for the Moderna class action lawsuit must be filed with the court no later than October 8, 2024.​ When a securities class action is filed such as the Moderna class action lawsuit:

1. The person who files the first complaint is required to publish a notice announcing the filing.
2. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

THE LEAD PLAINTIFF PROCESS IN THE Moderna LAWSUIT

​Under the Private Securities Litigation Reform Act of 1995 (PSLRA):

• Any investor who purchased and suffered losses in Moderna stock may seek appointment as lead plaintiff in the Moderna class action lawsuit.
• A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
• A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
• The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. 
• An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE Moderna CLASS ACTION LAWSUIT

1. Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

THE RESPONSIBILITIES THE LEAD PLAINTIFF IN THE Moderna CLASS ACTION LAWSUIT WILL HAVE

1. Selecting, monitoring, and overseeing Lead Counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT IN THE Moderna class action LAWSUIT

To be eligible for appointment as the lead plaintiff in the Moderna class action lawsuit, an investor must meet the following criteria:

1. Securities Acquisition: The investor must have purchased or acquired MongoDB securities during the Class Period, spanning January 18, 2023, to June 25, 2024.
2. Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by MongoDB and its executives.
3. Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Moderna class action lawsuit as courts have consistently recognized the rights of non-U.S. investors in securities class actions.

LEGAL REQUIREMENTS FOR PREVAILING IN THE Moderna CLASS ACTION LAWSUIT

​​To succeed in the Moderna class action lawsuit, the plaintiffs must establish the following elements:

1. Material Misrepresentation or Omission: The defendants made false or misleading statements or failed to disclose material facts about MongoDB's business, operations, or financial condition.
2. Scienter: The defendants acted with the requisite state of mind, such as knowledge or reckless disregard for the truth, when making the alleged misrepresentations or omissions.
3. Connection to Securities Transaction: The alleged misrepresentations or omissions were made in connection with the purchase or sale of MongoDB securities.
4. Reliance: Investors relied on the defendants' misrepresentations or omissions when making their investment decisions.
5. Economic Loss: Investors suffered financial losses as a result of the alleged securities fraud.
6. Loss Causation: The defendants' misrepresentations or omissions caused the economic losses suffered by investors.

Establishing these elements is crucial for the plaintiffs to prevail in the Moderna class action lawsuit and recover damages on behalf of the class members.

Moderna class action lawsuit

If you suffered losses in Moderna stock, call Timothy L. Miles today for a free case evaluation

Many securities litigation attorneys, including Timothy L. Miles, operate on a contingency fee basis, which means:

• Cients do not pay any upfront fees or costs.
• Instead, the attorney's fees and expenses are deducted from any settlement or judgment recovered on behalf of the class, typically as a court-approved percentage of the total recovery.

This arrangement ensures that investors can pursue their legal rights without bearing the financial burden of costly litigation, as the attorneys assume the risk and only receive compensation if they achieve a successful outcome for the class.

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CONTACT Moderna STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT A Moderna CLASS ACTION LAWSUIT

​​If you suffered losses in Moderna ​stock, contact Moderna stock loss lawyer Timothy L. Miles today for a free case evaluation about a Moderna class action lawsuit. Call today and see what a Moderna​ ​​stock loss lawyer could do for you if you suffered losses in Moderna ​stock. ​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​​​

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​​Email: [email protected]

Moderna stock loss lawyer Timothy L. Miles
​

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.
• Top 100 Civil Plaintiff Trial Lawyers by The National Trial Lawyers Association (2017-2022).
• Class Action:  Top 25 National Trial Lawyers by the National Trial Lawyers Association (2023)
• AV® Preeminent™ Attorney by Martindale-Hubbell® (2014-2022).
• AV® Preeminent™ Attorney – Judicial Edition (2017-2022).
• Top Ranked Lawyer by Martindale-Hubbell® and ALM  (2019-2022).
• Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022)
• Elite Lawyer of the South by Martindale-Hubbell® and ALM  (2019-2022).
• PRR AV Preeminent Rating on Lawyers.com by Martindale-Hubble® (2018-2022).
• America’s Most Honored Lawyers 2020 – Top 1% by Lawyers of Distinction (2020-2021).
• America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).
• Top 1% of Attorneys in America by Premier Lawyers of America (2019-2021).
• Nation’s Top One Persent by the National Association of Distinguished Counsel (2021).
• The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability by Martindale-Hubble® (Feb. 2015).
• Distinguished Lawyer, Recognizing Excellence in Securities Law, Lawyers of Distinction (2019-2021)
• Lifetime Achievement Award by Premier Lawyers of America (2019-2021).
• Superb Rated Attorney, (10.0 out of 10), the Highest Rating Possible by Avvo.
• Avvo Top Rated Lawyer (Avvo 2017-2022).
• Avvo Client's Choice Award 2021 (Avvo 2021).
• Elite Lawyer 2021 by Elite Lawyer (2019-2021).
• America’s Most Honored Professionals – Top 1% (American Registry 2016-2022).
• Top Rated Lawyers in Tennessee (Lawyers of Distinction 2021-2022)

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone:(855) 846-6529
​Email: [email protected]
www.masstortsheadquarters.com
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