What is a Lead Counsel?
The federal securities laws require public notice to be published within 20 days after a securities fraud class action lawsuit is filed, alerting investors that the lawsuit has been filed and that class members have 90 days to request the court for appointment as Lead Plaintiff. In addition to representing the Class, the Lead Plaintiff plays a crucial role in selecting the court-appointed Lead Counsel, and is encouraged to consult with Lead Counsel concerning the course of the litigation. By seeking Lead Plaintiff status, and choosing skilled, experienced counsel to represent the Class, an individual class member may significantly affect the likelihood of the lawsuits success and the size of any eventual recovery.
