What is a lead plaintiff in a securities class action?
A lead plaintiff, also known as a named plaintiff or a representative plaintiff, is appointed by the court as that plaintiff most capable of representing the interests of the class members and is generally that plaintiff that has the largest financial interest in the relief sought by the class. Lead plaintiff designation can be granted to individuals, groups of individuals or institutional investors.
A lead plaintiff is a class member, or class members, appointed by the court to represent the interests of the class. The lead plaintiff must seek appointment as such and usually has the largest financial interest in the relief sought by the class of those seeking lead plaintiff appointment. Lead plaintiff designation can be granted to individuals, groups of individuals or institutional investors.
