A securities class action (SCA), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws.
In cases involving misleading statements or omissions, a class period generally starts when a company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading.
The class period generally ends when the truth is fully disclosed to the investing public. The statement or action that reveals the truth related to a specific alleged misstatement or omission is known as a "corrective disclosure". During the class period there is usually one final corrective disclosure and in some complex cases, several partial corrective disclosures that reveal partial truths related to the alleged misstatements or omissions.
"Cases are brought pursuant to Federal Rule of Civil Procedure 23[1] on behalf of a group of persons who purchased the securities of a particular company during a specified period of time (the class period)."[2]
^"Rule 23. Class Actions". Cornell University Law School. 30 November 2011. Retrieved 5 November 2014.
^"About the SCAC". Stanford Law School. Retrieved 5 November 2014.
and 24 Related for: Securities Class Action information
A securitiesclassaction (SCA), or securities fraud classaction, is a lawsuit filed by investors who bought or sold a company's publicly traded securities...
nonsecurities class-action settlements, although a securitiesclass-action database exists in the Stanford Law School SecuritiesClassAction Clearinghouse...
according to the Stanford Law School SecuritiesClassAction Clearinghouse. During 2006 and 2007, securities fraud classactions were driven by market wide events...
The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act,...
States) is an American disbarred lawyer who specialized in private SecuritiesClassAction lawsuits. The $7.12 billion he obtained as the lead plaintiff's...
Neutrogena Pepcid Rogaine Sudafed Trosyd Tylenol Visine Zyrtec A securitiesclassaction was initiated in the United States District Court of New Jersey...
impose some new rules on securitiesclassaction lawsuits. It allows judges to decide the most adequate plaintiff in classactions by favoring institutional...
Securities regulation in the United States is the field of U.S. law that covers transactions and other dealings with securities. The term is usually understood...
between brokerages and Citadel Securities. A lawsuit was filed in a court in Massachusetts by securitiesclassaction firm Hagens Berman Sobol Shapiro...
was named as a defendant in multiple securitiesclassaction lawsuits, alleging the company had engaged in securities fraud by making false or misleading...
mounted many classaction cases on behalf of investors. Melvyn Weiss convinced his partner, Lawrence Milberg, to fund class-actionsecurities litigation...
localization in many languages, with offices in 26 countries. A securitiesclassaction lawsuit involving the company was filed in July 2001 under "Samet...
International Ltd. : TyCom common stock Securities Litigation". Stanford Law School SecuritiesClassAction Clearing House. Stanford University. Retrieved...
regarding private classaction lawsuits for securities fraud. SLUSA amended portions of the Securities Act of 1933 and the Securities Exchange Act of 1934...
Times. "Physician Computer Network, Inc". Stanford Law School SecuritiesClassAction Clearinghouse. Archived from the original on June 9, 2011. Retrieved...
ClassAction Park is a 2020 documentary film about the American amusement park Action Park, which was located in Vernon Township, New Jersey and was known...
in a securitiesclassaction lawsuit filed against the company in the United States by shareholders and former shareholders. Another classaction lawsuit...
Securities Trial,” The D&O Diary, November 27, 2007 Stanford Law School SecuritiesClassAction Clearinghouse, November 2007[permanent dead link] USA Today article...
from the Texas State Securities Board. BitConnect had promised very high monthly returns but had not registered with state securities regulators or given...
Global Information