What Is The Benefit Of A Class Action For Securities Fraud?

When you invest your money in stock, cryptocurrency, or other investments you have the right to expect accurate information about the investment and fair dealing from others promoting it.

When deliberate misinformation, trickery, or fraud caused you to lose money, joining a class action suit could help you get your money back. Talk to us at Silver Law Group if you’re wondering about the benefit of a class action for securities fraud in your case. No matter where you’re located in the U.S., we’ll review your case and discuss the legal options that make the most sense for you.

Benefit 1—Securities Fraud Class Actions Are Cost-Effective

Bringing a lawsuit is expensive if you’re doing it as an individual. Unless you lost tens of thousands of dollars, it may not be worth the effort.

A class action securities fraud lawsuit allows you to join with other investors to share the costs of the litigation. In addition, the information these investors bring about how they were defrauded can help the attorneys prove their case. Information-sharing makes class actions more efficient than individual lawsuits.

Finally, a class action settlement or verdict often includes payment of attorney’s fees. You have the chance to receive a higher return than you might if you pursued a claim as an individual.

Benefit 2—Securities Fraud Class Actions Don’t Demand Much Of Your Time

Being involved in a class action securities fraud lawsuit does not require you to invest a lot of time or effort. You may speak with one of our Silver Law Group attorneys to establish how you acquired the stock and how much money you lost, but after that, your active involvement usually isn’t required on a regular basis.

The person or entity that lost the most in the fraud is usually the named plaintiff, and they do have substantial responsibilities in providing their input in the suit. But smaller individual investors can sign on to the suit and wait for results. Of course, we are always available to provide updates and answer questions.  

Benefit 3—Securities Fraud Class Actions Allow You To Hold Wrongdoers Accountable

It can be aggravating when you lose money because of someone else’s actions. You may have a strong desire to get back at the people who defrauded or misled you. A class action lawsuit can provide reimbursement of your losses and shame the defendants for their dishonest conduct. 

The allegations in these lawsuits are widely reported in the financial press, so the defendants will suffer public loss of reputation. If the lawsuit reaches a settlement or verdict in the investors’ favor, you will also receive at least partial reimbursement of your financial losses.

Talk To Silver Law Group About Securities Fraud Class Actions

If you lost money in the market and believe the company or another liable party misled or defrauded you, talk to someone at Silver Law Group. We are committed, aggressive investor advocates and take on companies, accountants, lawyers, and others who cheat investors like you.

Reach out today to find out how we can help you in a class action claim.