SECURITIES FRAUD CLASS ACTION OPT OUT INFORMATION

Participating as a plaintiff in a securities fraud class action claim is good for some plainfiffs, not so good for others.  in 2006, the average securities class actions settlement recovery was only 2.2% of losses. the overall securities class action settlement generally is no more than 3% to 3.5% of total investment losses. 

Because settlement figures are appallingly low, any potential plaintiff with a strong case, substantial losses, and solid counsel, has a better chance to attain a far higher recovery by opting out and proceeding with an individual litigation (though there are no guarantees of a favorable outcome no matter which route a plaintiff might pursue).

Securities Class actions also are subject to the heightened pleading standards of the PSLRA (Private Securities Litigation Reform Act of 1995).  the PSLRA was designed to make it difficult for securities class actions to survive a defendant's dismissal mostion, and a fairly high percentage of securities class actions are dismissed on such a motion (without ever getting to settlement or verdict).

Don't be afraid to ask. 

We offer totally free initial consultations. You can ask us as many questions as you like, and we'll never rush you off the phone.

Contact us by E-Form today, or call (201) 723-9470