Class Action FAQs

• Q: How do I join a class action?
  A: Generally, before a court certifies a class action, it must conclude that there are too many class members for them all to be named as parties in the lawsuit. … More
• Q: Do class actions produce substantial recoveries?
  A: While the result obtained ultimately depends on the strength of the case, it is a myth that class actions do not produce substantial returns for claimants. For … More
• Q: Can I be bound by a settlement or judgment of a class action?
  A: Yes. If the constitutional and procedural protections required for fairness are met in the underlying action, all absent class members are bound to the judgment or … More
• Q: How are attorney`s fees paid in a class action?
  A: Almost all class actions are brought on a contingent basis, which means that the attorneys only get paid out of any recovery amount they obtain. This system helps … More
• Q: I may have been defrauded. How long can I wait to file suit?
  A: Time limits, known as statutes of limitation, vary depending on the type of claim involved and, sometimes, the state in which the plaintiff resides. If you think you … More
• Q: How can I tell if I`ve been a victim of a stock fraud?
  A: Every case is different but when a stock has dropped, your loss may be due to fraud when Company executives misrepresented facts relating to important aspects of the … More
• Q: Are unfair deals with insiders or related companies considered fraud?
  A: These deals may represent a type of improper conduct usually referred to as breach of fiduciary duty. Such wrongdoing includes waste of your company`s assets, unfair … More
• Q: What is a shareholder derivative action?
  A: Shareholders have a limited right to participate in the governance of a corporation. Even if a shareholder believes that corporate management has abused its power or … More
• Q: What is securities arbitration?
  A: In 1987, the U.S. Supreme Court held that brokerage firms could enforce pre­dispute arbitration clauses contained in their standard form customer agreements. … More