Who may file a securities class action lawsuit?
A securities class action can be brought by anyone who has individual standing (that is, whose investment in a stock or other security has been damaged by a particular person or entity in violation of the securities laws) and, in general, has claims that are typical of other class members, has no conflicts of interest with other class members, and has retained competent, experienced counsel. The class representative must be knowledgeable about the lawsuit, available to consult with his or her attorneys regarding the status of the case, and be available to execute affidavits and appear at deposition or trial if required.
