JBI, Inc. Securities Litigation Website
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Welcome to the JBI, Inc. Securities Litigation Website

This website has been established to provide general information related to the proposed settlement of the JBI, Inc. ("JBI") Securities Litigation. The proposed settlement is subject to Court approval.  The capitalized terms used on this website, and not defined herein, shall have the same meanings ascribed to them in the Stipulation of Settlement dated August 8, 2013.

This is a federal securities class action that is pending before the Honorable Judge Robert C. Jones in the United States District Court for the District of Nevada.  Defendant JBI is a domestic alternative oil and gas company that recycles waste plastic into liquid fuels. 

Plaintiffs allege that, during the Class Period, between August 28, 2009 and January 4, 2012, inclusive, JBI’s stock price was artificially inflated as a result of a series of untrue or materially misleading statements concerning JBI’s improper valuation of media credits acquired by the Company in connection with its acquisition of JavaCo, Inc. Plaintiffs further contend that the Defendants made these statements knowing them to be false or misleading, or recklessly disregarding their false or misleading natures, and that investors suffered injury as a result of the alleged inflation.

The proposed class will consist of all persons or entities who purchased or otherwise acquired JBI’s securities between August 28, 2009 and January 4, 2012, inclusive, and who were damaged thereby. All Class Period purchasers of JBI securities are members of the Class, except those persons who timely file a request for exclusion by April 6, 2015. All persons who do not timely exclude themselves from the Class will be bound by the proposed Settlement and its accompanying Release.

The Settlement will result in a fund of between 1.75 million and 3 million shares (the number of shares is dependent on the price per share at the conclusion of this Litigation) of JBI, Inc. common stock. For more information about how the Settlement Fund will be calculated, please consult the Stipulation of Settlement, specifically section (2a) pages 11-13.

The Court-appointed Lead Counsel for this Litigation is the law firm of Glancy Binkow & Goldberg LLP.

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees, and Settlement Fairness Hearing and the Stipulation of Settlement, both of which can be found and downloaded from this website. We recommend that you read the Notice and other relevant case documents carefully.

Your Legal Rights and Options in the Settlement

Submit a Claim The only way to receive a payment.
Object You may write to the Court if you do not like this Settlement.
Exclude Yourself Receive no payment. This is the only option that allows you to participate in another lawsuit against the Defendants relating to the class claims being released in this case.
Go to Hearing You may ask to speak in Court about the fairness of the Settlement.
Do Nothing Receive no payment.

Important Dates & Deadlines

Submit Claim April 17, 2015
File Objection April 6, 2015
Request Exclusion April 6, 2015
Court Hearing on Fairness of Settlement: April 27, 2015 at 10:00 a.m.