Securities fraud litigation is complex, resource intensive and expensive. Taking cases to trial on behalf of an individual may be cost prohibitive. Consolidating cases into a single legal action so that losses can be recovered on behalf of all parties adversely impacted, on the other hand, justifies the cost.
Although an individual investor may experience significant economic injury, there are a number of practical reasons why an attorney might recommend filing a class action lawsuit.
Class actions allow people to join together in order to pursue recovery from unlawful conduct without having to incur costly legal fees on their own.
The injured parties have the ability to litigate high-stakes claims on a level playing field against large, well-funded corporations and their legal teams.
As a collective group, the value of the claims add up and a settlement ensures that all plaintiffs receive some compensation (money damages).
A favorable outcome for plaintiffs in a class action can result in a judgment or settlement worth millions.
A class action may be the best solution when many people have experienced similar economic loss by the same, or similar circumstances. Unfortunately, some attorneys suggest class action litigation for their clients when it may not be in their interest.
There are many complex factors to consider. The Miller Stern lawyers, LLC has always focused on what will be in their clients’ long term best interests when considering whether to pursue a class action claim.
Miller Stern Lawyers, LLC has an impressive track record of vigorously representing plaintiffs in individual and class actions. Our skill and dedication to his clients has earned us the respect of our peers and the courts. We know what it takes to get the job done and will fight aggressively to protect your interests and obtain a favorable result.
