Since 1990, Timothy J. Dennin, P.C., has represented individuals and classes of investors in complex brokerage and securities litigation. Our track record of successes in high-profile cases against some of the biggest names on Wall Street has led to national recognition for our representation of clients across the United States and internationally.
If you recently received notice of a pending class action lawsuit due to a security that you owe, we are ready to answer your questions in our Northport and New York City offices. Call 866-437-9475 to schedule a free consultation.
Do I Have To Join The Class Action?
All investors have the right to opt out of a securities class action lawsuit. There are several reasons why opting out may be in an investor’s best interests, including:
- Having unique circumstances that set their claim apart from the rest of the class
- Believing they have a stronger claim for additional damages
- Gaining the opportunity to settle separately on their own terms, rather than being beholden to the terms of the class action settlement
Do I Need To Maintain Ownership Of My Stock To Remain A Class Member?
As a rule, you can sell the security in question and still maintain membership in the class. If you sell the security for a loss, you can still recover a share of the recovery. However, if the sale results in a gain, your share of the class will be excluded since there are no losses to recover. It is a good idea to speak with a lawyer before conducting any transactions that could ultimately threaten your ability to recover damages.