Securities fraud involves the use of misrepresentation, omission, or other deceptive methods to persuade investors to buy or sell securities. This type of fraud comes in many forms, and when large groups of investors are harmed by the same source, it may be possible to file a class action lawsuit against those responsible.
A New York securities class action lawyer can manage these complex claims against financial institutions, banks, and other parties who engage in gross misconduct or fraud. An experienced securities fraud attorney can aggressively pursue these individuals or entities who violated their fiduciary duty and inflicted financial harm on victims, so call Silver Law Group and learn how we take cases on a contingency fee basis.
A securities fraud class action is a lawsuit filed by a group of investors who purchased a company’s securities within a specific time period (known as the class period). Investors can join forces in a securities class action when they suffer financial losses due to alleged fraudulent statements made by the same individual or company.
Securities fraud covers a broad category of deceptive practices that can involve stocks, bonds, and other investments. It can be committed by individuals or organizations, such as brokerage firms, corporations, or investment banks, or the lawsuit could target third-parties that allowed the fraud to continue. Examples of this type of fraud include:
The lead plaintiff in a securities class action lawsuit is the person or group of people who represent the entire class of investors. The court appoints a lead plaintiff based on their ability to represent the class’s interests.
This appointed person will be one that the court considers to have a claim typical of the other class members. If you or someone you know has lost money due to securities fraud, don’t hesitate to contact a New York attorney to discuss your legal options and learn more about class action litigation.
A New York attorney can represent investors banding together in a securities class action to pursue significant claims against large companies, even if the individual losses are relatively small. A single lawsuit is often more cost-effective than numerous individual lawsuits.
If the lawsuit is successful, the settlement funds are generally distributed among all eligible class members based on their losses. Class actions allow for shared legal costs, enabling smaller investors to participate in litigation without incurring significant personal expenses. Furthermore, Silver Law Group works on a contingency fee basis, so you do not pay us unless we secure a financial victory.
By uniting numerous investors with similar claims, a class action presents a larger potential liability for the defendant, incentivizing fair and equitable settlements. In addition, the threat of class action lawsuits can deter companies from engaging in fraudulent or misleading conduct in the first place, which can also aid in promoting market integrity.
A securities class action can enable investors who have lost money due to deceptive practices to band together and recover their economic losses. A New York securities class action lawyer can determine the appropriate course of action and the most robust legal strategies to seek maximum financial recovery.
Class action cases are not only more cost-effective, but they can also allow recovery by victims with losses of all sizes, both small and large. If you have questions about joining or initiating a class action, don’t hesitate to contact our experienced securities fraud attorneys at Silver Law Group. Call us to schedule your free case consultation today.
