In most cases, when an investor suffers significant losses due to fraud, breach of fiduciary duty or any other form of misconduct, they are not alone. In securities fraud and other investment-related cases, there are often numerous individual and institutional investors who all suffer from the same improper deeds. This means that these cases are often ripe for class action litigation.
What is a Class Action?
A class action is a lawsuit or arbitration claim filed by a group of similarly-situated investors who all have similar claims against the same person or company. For example, clients of a hedge fund may have all suffered losses due to overconcentration or fraudulent activity.
Or, employees participating in an employer-sponsored retirement may have similar claims for losses suffered when the employer’s stock price tumbled upon the release of damaging information.
Regardless of the specific factual circumstances, class actions are important because they allow aggrieved investors to file a single lawsuit when any one investor’s losses on their own might not justify the costs of arbitration or litigation.
How Do I Find Out about Class Action Lawsuits?
You can find out about class action lawsuits a couple of different ways. For one, you may receive a notice in the mail. If you qualify as a member of a class in a lawsuit that has already been filed, you may simply be asked to “opt in” to join the litigation. In limited circumstances, you may even be included in the class action automatically.
Another option is to contact Zamansky LLC. Our attorneys regularly serve as counsel and co-counsel in class actions, and we can tell you if you may be eligible to join a case. Even if there is no active case involving your situation in process, we may be able to investigate to determine if you have a claim for compensation.
Can I Sue on My Own if a Class Action is in Process?
With certain exceptions, you are not required to join a class action even if you qualify. While joining will, in most cases, make sense, your personal situation may warrant filing an independent claim. Or, your situation may be different enough that you do not qualify to join the class even though you are entitled to compensation. In either case, it is important to understand your options and make an informed decision about enforcing your legal rights.
What if I Think I May have a Class Action Claim?
If you think you may have a claim that warrants a class action, you should speak with an attorney right away. In cases involving investment losses, acting quickly can be crucial to minimizing the damage and maximizing your chances of recovering full compensation.
Call an Investment and Securities Fraud Attorney as Soon as Possible
To learn more about investment fraud and securities fraud class actions, contact the law offices of Zamansky LLC. Our attorneys have decades of experience, and we have recovered substantial amounts for our clients’ losses. The initial consultation is free and you pay nothing unless we win your case, so contact us now to find out if you may be entitled to financial compensation.