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What is a Lead Plaintiff in a Class Action Lawsuit?

What is a Lead Plaintiff in a Class Action Lawsuit?

The Lead Plaintiff in a class action lawsuit is the named party(s) and is officially appointed by the court at the time the lawsuit is certified as a class action. The Lead Plaintiff owes a fiduciary duty to the class and must be capable of representing the interests...
What is a securities class action?

What is a securities class action?

A securities class action, or securities fraud class action, is a lawsuit filed by investors who bought or sold a company’s securities within a specific period of time, referred to as a “class period,” and suffered economic injury as a result of violations...
Will joining a class action cost you anything?

Will joining a class action cost you anything?

No. You will not have to pay anything to join a class action. How are the attorneys paid? Attorney fees in class action lawsuits are usually paid out of the class recovery the total monetary award allocated to class members. Under this arrangement, the lawyers for the...