Pomerantz Appointed Lead Counsel in PureCycle Technologies Securities Litigation

On August 5, 2021, U.S. Magistrate Judge Gregory J. Kelly of the Middle District of Florida (Orlando Division) appointed Pomerantz LLP as Lead Counsel on behalf of Robert and Mariusz Ciecko, the Lead Plaintiff in Theodore v. PureCycle Technologies, Inc. et al., 6:21-cv-809 (M.D. Fla.), a securities action brought on behalf of a class of defrauded investors concerning allegations that PureCycle Technologies, Inc. had based its “ground-breaking, patented recycling process” on unproven technology and its financial projections were baseless.