If you’re a large investor asking if it benefits you to be the lead plaintiff in a securities fraud class action, the answer is frequently usually “yes.” Generally, the benefits including being able to play an active role in the litigation is in the investor’s favor. .
Talk to us at Silver Law Group if you believe you qualify to be the lead plaintiff in a securities fraud class action. Our experienced securities fraud attorneys can help you apply and, if successful, manage the litigation to a favorable conclusion.
When securities fraud lawsuits are filed, the courts accept applications for a lead plaintiff for a class action. In general, this is the person or party who has the most at stake in the litigation and whose interests are representative of the other plaintiffs.
If the courts select you as lead plaintiff, you can work with Silver Law Group as the lead counsel. Our attorneys will prepare court filings and keep you informed of all developments, since your role is to manage the litigation.
The essential time commitment is generally non-invasive and includes involves reviewing court filings and producing necessary documents. You are typically not required to attend hearings although your in-person participation is welcome and can be beneficial. You will also be expected to be deposed and to participate in discovery.
Lead plaintiffs can be heavily involved in settlement negotiations. They can direct a negotiating strategy in consultation with our attorneys and set goals for an acceptable outcome to a securities fraud class action.
When a settlement is proposed, the lead plaintiff can decide whether or not to accept it. Specifics of the settlement, like whether it will be all cash or part cash and part stock, are subject to the lead plaintiff’s approval.
Sometimes people worry that being lead plaintiff will involve a huge time commitment, travel expenses, or even being on the hook if the litigation fails. These are rarely the obligations of the lead Plaintiff. Lead plaintiffs have tasks and responsibilities. The attorneys at Silver Law Group are adept at using your time most efficiently. Traveling to attend court hearings is usually not required, and if you must be deposed for the litigation, it will be scheduled at a place and time that is convenient or reasonable for you.
Our firm works on a contingency fee basis, and handles all the expenses of litigation until the case concludes. When we are successful, appropriate attorneys’ fees are primarily determined and approved by the judge. As fees and expenses are paid from the settlement funds, there is no financial risk to being the lead plaintiff in a securities class action.
Many larger investors are used to calling the shots in their lives. Being the lead plaintiff gives you the opportunity to take the same role in a securities fraud class action lawsuit. Silver Law Group has an impressive record of success in securities fraud class actions and Ponzi scheme litigation. Get in touch with us today to discuss your application to be the lead plaintiff.
Fill out the contact form or call us at (800) 975-4345 to schedule your free consultation.