Class Actions FAQ
What is a Class Action lawsuit?
A class action lawsuit occurs when many separate individuals combine their similar complaints. It is frequently used when numerous people have been similarly affected by a company’s unlawful conduct. This type of lawsuit allows consumers or investors to compete on the same playing field as wealthy corporations.
In federal court, a “lead plaintiff” will be appointed to represent the other shareholders who purchased the securities during the “class period,” which is the time frame during which the fraud occurred. While class action lawsuits can take two to three years to litigate, they may also settle much sooner.
What is a Lead Plaintiff?
The court will usually appoint a representative called the “lead plaintiff” to act on behalf of the other class members in the case. The person with the largest financial interest is generally chosen as the lead plaintiff, and can influence the direction of the litigation. On occasion, the court may decide to appoint more than one lead plaintiff called a “co-lead plaintiff.”
If you are interested in serving as a lead plaintiff, you may sign up here on our website.
Can I participate in the recovery?
If you purchased your securities during the class period, and your purchase resulted in a loss, you may be eligible to recover money damages.
What if I sold my shares?
Class members are permitted to sell their securities in the company after the class period has ended without losing the right to be part of the lawsuit.
Will I have to pay any upfront fees?
Absolutely not. Our firm will advance all costs of your class action lawsuit. Since we operate on a contingent fee basis, the court will reimburse us for necessary expenses and attorney fees in the event that we are successful.
Are any other law firms involved in my case?
If other investors who purchased the same shares during the class period file a similar complaint with another law firm, the court will consolidate the lawsuits. Once the lawsuits are consolidated we may co-counsel with other firm(s) on the case.