A Lead Plaintiff is one or more persons appointed by the court to act as the representative of the class.

A lead plaintiff, sometimes referred to as a named plaintiff, is appointed by the court within 60 days of the publication of a notice of the pendency of a class action, in actions brought pursuant to the federal securities laws. In class actions brought under state law, the lead plaintiff appointment process varies from state to state, based on the factual circumstances of a given case.

Anyone who is a member of a securities class can apply to be appointed as a Lead Plaintiff within sixty days after a notice of the first class action has been published.

A lead plaintiff would participate with the attorneys in making major decisions about the case, and must provide limited information about yourself, mainly about your investments in the stock.

A Lead Plaintiff can communicate with the lawyers about the progress of the case and may have the right to influence the lawyers and, thus, the outcome of the case.

A Lead Plaintiff will probably be required to offer testimony at a deposition, describing how the "lead plaintiff" was harmed.

Yes and no. We will look at commercial, securities or business oriented class actions and we are co-class counsel in a pending case here in Philadelphia. But we do not act as class counsel in personal injury, toxic tort, or pharmaceutical cases.

Only one Representative is required to bring a Class Action. A Class Representative is typically an individual or group that believes that it has been wronged, realizes that others are being injured similarly, wants the offending practice to end, and wants to be compensated with the other members of the Class for money damages. A Class Representative is one of the named or “lead” plaintiffs in the lawsuit. [top]

individual or group that feels it has been wronged, and realizes that others are likely being injured as well, should consult a law firm that is experienced in and specializes in Class Actions. The firm will meet with that person and then examine the matter to determine the best course of action based on its evaluation of the merits of the case.

A Lead Plaintiff is a representative person(s) or party appointed by the court, who acts on behalf of the other class members in the litigation. The Private Securities Litigation Reform Act of 1995 provides that the most adequate Lead Plaintiff is the person or group of persons who, in the determination of the court, has the largest financial interest in the relief sought by the class.

Plaintiff means a person who brings a civil action or who sues in a civil action and is so named in the record.

Anyone who purchased securities during the class period and sustained losses are automatically part of the class action and are entitled to share in any judgment or settlement obtained on behalf of the class.

The Class Representative(s) do not need to pay any money to bring the suit, but may have to provide paperwork and background information relative to the case. Over the course of the lawsuit, the Representative(s) may have to answer questions about the case, including in a deposition defended by their lawyers. The Representative(s) would be guided and assisted in these matters by their attorneys.

You will receive your pro rata share of any judgment or settlement, at a minimum. If you incur travel or other expenses or lose time from employment due to your participatjion, you should receive reimbursement. In some instance you might be entitled to an incentive award for bringing the action.

Our experience has shown that courts are more likely to look favorably on our cases, and there appears to be a greater chance of success in surviving preliminary motions to dismiss, when we have a large number of named class representatives. We therefore encourage you to become a named class representative if at all possible.