What is the “class period” in a securities case?
The class period is the time during which it is believed the alleged fraud or other securities law violations caused the price of the stock at issue in the case to be artificially inflated. Only investors who purchased stock during this period are included in the class action suit. Initially determined by plaintiffs’ counsel after extensive research and investigation, the class period may change during the course of the litigation based on information learned during the discovery phase (information-gathering) of the lawsuit.
Related Questions
- I am a member of the class of plaintiffs in the GM Securities Class Action Case. Where can I obtain more information concerning the status of that case and any settlement distributions?
- How does the broker deliver securities to the Clearing Corporation (CC) in case of a delivery obligation?
- Whats the Securities and Exchange Commissions claim and role in this case?
