If you own shares and/or options in one of the companies Newman Ferrara is investigating, you may qualify for a monetary reward. If you believe your investment was affected by potential violations of federal securities laws, please complete and submit the form below. Newman Ferrara may be able to help you protect your investments free of charge.
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.
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.
