Shepherd, Finkelman, Miller & Shah, LLP
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Material considerations regarding securities class action lawsuits

It is likely that many Connecticut readers of our full-service business and consumer advocacy law firm have heard about class action lawsuits.

Even so, they might not command a comprehensive grasp of the details. That is eminently understandable for any individual who has never been designated as part of a class being collectively represented by one or more lead plaintiffs in a common action.

That commonality is key to a class action suit. Indeed, it is the very reason for such litigation. In instances where a relatively large group of people -- often widely dispersed -- suffer damages arising out of a similar set of facts or conditions, it can be comparatively convenient and more efficient to consolidate the similar claims into one court action.

A recent article spotlighting key information concerning securities class action litigation underscores both the unique nature and complexity attached to class action filings. Foremost, they differ in many material aspects from regulatory actions brought by civil and criminal authorities. Additionally, there are factors relevant to opting out of a class action, and other matters that a would-be class member needs to consider.

Questions or concerns regarding class actions and other so-called "collective" litigation can be directed to a law firm with proven credentials representing plaintiff groups across a broad spectrum of legal matters.

Attorney teams with a demonstrated history of strong advocacy in collective litigation sometimes have experience promoting the rights of clients in cases across an impressively broad spectrum. Those can involve matters addressing employment, antitrust, consumer protection and insurance concerns, as well as the aforementioned securities issues.

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