What are the duties of a class representative?
You must sign a Certification of Named Plaintiff listing your transactions in the security during the class period, any other activities as a class representative in the last three years, swear that you did not purchase the security in order to participate in the lawsuit, and that you will not accept a disproportionate recovery. We will provide you with the form to complete. That is all it takes to get the process started. Thereafter, you must provide us with copies of your stock purchase confirmations proving your stock purchases. You must participate in the discovery process in the lawsuit. At a minimum, you must be prepared to produce your stock trading records. You may be called upon to testify in a sworn deposition. You may also be required to testify at trial, although this is significantly less likely to occur. Most securities fraud cases are settled without going to trial, for a variety of reasons. In the event you are called upon to testify, you will not be required to possess
Related Questions
- If a representation application is dismissed, does the current representative of the craft or class of employees lose its representation rights?
- Who can bring the class/group proceedings e.g. individuals, group(s) and/or representative bodies?
- Who are the Representative Plaintiffs and/or Class Representatives?
