About Newman Ferrara
Newman Ferrara specializes in complex, multi-party litigation, including
matters involving consumer fraud and deceptive practices, securities and
shareholder class and derivative actions, and ERISA litigation. The firm
also handles more general complex commercial litigation involving allegations
of breach of contract, breach of fiduciary duty, fraud, and negligence,
as well as litigation involving labor and employment, civil rights, whistleblower
actions, and anti-competitive conduct.
Frequently Asked Questions (FAQs)
What is a Class Action lawsuit?
A class action lawsuit involves separate individuals combining their similar
complaints. It usually has a “Lead Plaintiff” who represents
numerous different people who have been similarly affected by a company’s
unlawful conduct. This type of lawsuit allows shareholders or consumers
to pool together resources and compete on the same playing field as large
corporations. Class action lawsuits can take up to two to three years
to litigate, but may also settle much sooner.
What is a Lead Plaintiff?
In federal court, a “Lead Plaintiff” is appointed to represent
the other investors who purchased the securities during the “class
period,” which is the time frame during which the fraud occurred.
A Lead Plaintiff is usually a class member with the largest financial
interest in the recovery sought by the class. This could be an individual
plaintiff, a group of individuals or, other entity (such as an investment
fund). On occasion, the court may also appoint “Co-Lead Plaintiffs.”
If you are interested in serving as a Lead Plaintiff, please let us know.
Can I participate in the recovery?
If you purchased your securities during the class period, and your purchase
resulted in a loss, you may be eligible to recover money damages. You
may subsequently sell your stock at any time and still participate in
the recovery, so long as your overall investment resulted in a loss.
What are the costs and expenses for me?
None. Prosecuting law firms usually advance all costs of class action lawsuits.
Since we operate on a contingent fee basis, we ask the court to grant
us reimbursement of our expenses and attorneys’ fees (usually a
percentage of the total recovery) only in the event that we are successful.