What is required to participate a class action?
To “participate” in a securities class action can have several meanings. All investors who purchased securities during the period covered by a class action lawsuit (called the class period) participate in the case if there is a recovery; all class members receive their proportionate share of the recovery. They do not have to do anything to participate at this level. If there is a recovery, they will receive a notice and will be required to submit a claim form listing their covered transactions. Investors with larger losses may seek to participate actively by seeking appointment as a lead plaintiff.
