Plastic2Oil Inc (PTOI)

[loanranger]

Even if the class period were to be redefined to be from the filing of the 10Q (11/16/09) to the non-reliance filing (5/21/10), there would easily be enough people who had acquired shares during that period and lost money for the court to grant class action status. The court doesn't want to have to try even as few as a dozen cases when they could try one with identical basic facts.

I think that the issue of whether the class period should be redefined could be decided in favor of the defense, UNLESS facts are brought forth that establish that the May 2010 non-reliance filing wasn't adequately forthcoming.
It wouldn't surprise me to see a change in lead plaintiffs.