Corporate scandals such as fraud are increasingly common. When corporate officers engage in fraudulent conduct that violates federal securities laws, they injure not only the reputation of the company, but also the financial interests of the company's investors.
Investors can hold a company and its executives responsible for securities violations through a securities class action lawsuit. The attorneys at Humphrey, Farrington & McClain, P.C., in Independence, Missouri, are experienced in handling difficult securities fraud cases and specialize in class action litigation.
Contact us online or call 888-353-0491 to arrange your free initial consultation.
Securities Class Period
The determination of a "class period" is an important first step in any securities class action. The class period is the period of time during which the securities violations occurred.
Only investors who purchased stock during the class period can be part of a securities class action because these are the individuals and entities injured by the corporate malfeasance. Often, brokerage statements or stock purchase confirmation slips are sufficient to establish a person or entity as a class member.
Class Action Formation and Notice
Once the class period has been determined, then potential class members must be notified of the proceedings. Notice can be mailed directly to class members or be placed in a newspaper or magazine that will likely reach the potential class members.
Appointment of a Lead Plaintiff
Often, the investor who has the most financial interest in a class action is named as a lead plaintiff. In securities class actions against large corporations, the lead plaintiff is often an institutional investor or large company.
Contact a Securities Litigation Law Firm
Securities class action litigation is a complicated area of law with particular procedural rules. The Independence, Missouri, law firm of Humphrey, Farrington & McClain, P.C., is aware of the latest procedural requirements in class actions and has successfully litigated securities class actions nationwide.
To set up a free initial consultation, call our office at 888-353-0491 or contact us online.
More Information About Class Actions:
• Frequently Asked Questions About Class Actions
• The Role of Lead or Named Plaintiff in a Class Action
• Procedures in Securities Class Action Lawsuits
• Have Others Experienced the Same Side Effects as I Have?
• Why Should I Join a Class Action Lawsuit?