If a company makes fraudulent disclosures or engages in similar wrongdoing, then investors can suffer losses. You have the right to seek compensation, but individual lawsuits are not cost-effective for the typical private investor. Our securities fraud attorneys can help.
Class action lawsuits allow you and other investors to work together to hold corporate wrongdoers accountable. Contact a South Florida securities fraud class action lawyer from Silver Law Group if you have lost money because of market manipulation, fraudulent financial disclosures, or other similar acts.
Securities fraud happens if the management of a company, or others who benefit from promoting investments in the company, uses lies, misrepresentations, or omissions to induce investors to buy the company’s securities. You have the right to rely on the accuracy of the information the company and its promoters present.
There are numerous ways a fraudster could mislead or manipulate you. Our South Florida fraud attorneys advocate for groups (or “classes”) of investors who have suffered financial losses due to:
Almost any form of corporate misconduct that impacts stock or other securities prices could form the basis of your class action lawsuit.
If you are deceived and lose money due to the fraud, you can bring a civil action seeking to recoup your losses. Our firm spearheads class action lawsuits that allow investors who were defrauded by the same conduct to band together, sharing the costs and the proceeds of the lawsuit.
Class action lawsuits are a legal tool often used if hundreds, or even thousands, of people suffer similarly from the same misconduct. These lawsuits are more efficient for the courts and more cost-effective for the complainants.
If the first lawsuit alleging a specific instance of fraudulent conduct is filed, the attorney filing the suit must publish a notice describing the action. Other people with claims arising out of the same conduct then have 60 days to petition the court to be named lead plaintiff, which means they direct the litigation, hire the law firm, and decide whether to accept a settlement offer.
In a securities fraud class action, the court typically names the investor with the most at stake to be lead plaintiff. The plaintiff is often an institution but could be an individual. If you’re in South Florida and interested in applying to be a lead plaintiff in a securities fraud class action lawsuit, work with Silver Law Group to prepare your petition to the court.
You can qualify to participate in a class action lawsuit if you bought or sold a company’s securities during the period when the fraudulent conduct occurred. This timeframe—called the class period—usually starts when the false or misleading information is disseminated and ends when the information is revealed or corrected.
If you are a defrauded investor in South Florida and wish to participate in a class action, you should submit proof of a qualifying transaction and any supporting information you have. Our attorneys can manage your submission and confirm that the transaction for specific securities occurred during the class period.
If there is a verdict in your favor, the court may order the defendant to pay your attorney’s fees. If you and the other parties reached a settlement agreement outside of court, you would typically pay your attorneys’ fees and costs, but a court must approve these expenditures. Proceeds from a verdict or settlement are distributed between you and all the plaintiffs participating in the lawsuit, based on the amount each of you lost due to the fraud.
Individual investors rarely have the time or resources to independently examine every claim a company makes. The markets do not work unless companies act with integrity; if companies don’t do this, the markets suffer consequences.
If you believe you were fraudulently misled to trade in a specific stock, contact us immediately to find out how a South Florida securities fraud class action lawyer can help. Silver Law Group has a long history of helping investors and can review your case and explore all your legal options.
