What Is a Securities Class Action?
A Securities Class Action is a lawsuit on behalf of investors who bought and/or sold during a defined period and were harmed by false or misleading statements, accounting irregularities, or concealed risks. Claims commonly arise under Section 10(b) of the Exchange Act and SEC Rule 10b-5, Section 11 of the Securities Act, and related provisions.
Why Investors Use Class Actions
Efficiency: One case, shared costs, streamlined path to recovery.
Accountability: Recovers losses and forces accurate disclosures and better governance.
Access: No upfront fees; contingency‑based representation.
Our Approach
Listen to you and review disclosures, filings, trading data, analyst reports, and market events.
Prosecute cases efficiently and effectively.
Apply experts in accounting and economics, conduct discovery, hold depositions, and establish liability and damages.
Maximize settlement or trial outcomes and ensure efficient claims administration and disbursement.
Fee Structure: No fees or costs unless we obtain a recovery (contingent fee).
Featured Results
Christine Asia Co Ltd. v. Alibaba Group Holding Ltd., No. 15-md-2631 (CM) (SDA)
Rosen Law was sole Class Counsel in this multidistrict certified class action in the U.S. District Court for the Southern District of New York. The complaint alleged violations of §§10(b) and 20(a) of the Securities Exchange Act. The parties settled this action for $250 million in cash.
In re Silver Wheaton Corp. Securities Litigation, No. 15-cv-5146-CAS
Rosen Law was sole Class Counsel in this certified class action in the U.S. District Court for the Central District of California; the parties settled for $41.5 million in cash.
In re Silvercorp Metals, Inc. Securities Litigation, No. 12-CV-9456 (JSR)
Rosen Law was counsel to lead plaintiff in this SDNY consolidated class action; the parties agreed to settle for $14 million in cash.
Why Rosen
Top-ranked practice with a long record of recoveries.
Exclusive focus on investor and shareholder litigation.
Global reach representing investors worldwide.
Proven leadership in complex, contested cases.
Contingency fee — we win together.
FAQs
What is a Securities Class Action?
Securities class actions are lawsuits where one or more investors serve as the representative plaintiffs on behalf of a large group of investors that each purchased and/or sold similar securities and suffered losses as a result of the same misconduct. Securities class actions allow a court to decide the claims of many investors in a single lawsuit. This promotes efficiency, economy, and extends justice to investors whose claims are not large enough to merit an individual lawsuit.
What is a Class Period?
A class period is the time period during which investors purchased and/or sold the securities that are the subject of the class action. Typically, the misconduct (often false statements or fraud) begins on the first day of the class period and the full truth about the misconduct is revealed on the last day of the class period.
What is a Lead Plaintiff?
A lead plaintiff is an investor who wishes to serve as a representative plaintiff in the class action on behalf of all the other investors that purchased and/or sold the securities during the class period.
What is the role of the Lead Plaintiff?
The lead plaintiff’s role is to oversee the litigation with the assistance and advice of counsel. Both the lead plaintiff and the class’s attorneys must direct the litigation for the benefit of the class foremost. Ultimately, it is the job of the lead plaintiff to decide what is a fair settlement amount for the class and to approve any settlement offer.
What is Lead Counsel?
Lead counsel are the class’s attorneys. The lead plaintiff selects the lead counsel. Lead counsel should have extensive experience prosecuting securities class actions if they are to effectively represent investors in a securities class action.
Should I be a Lead Plaintiff?
If the amount of your losses because of the investment are significant to you, being a lead plaintiff allows you to be involved in the case and oversee important decisions in the litigation, particularly the amount of any settlement for the class of investors. Class action lawsuits often are filed when it would be impractical or prohibitively expensive for each person who was harmed to file an individual lawsuit, and they enable small shareholders or consumers to seek recovery from large corporations possessing much greater legal and financial resources. Generally, securities class actions are filed in the federal district courts and allege that the defendant(s) violated the Securities Act of 1933 and/or the anti-fraud provisions of the Securities Exchange Act of 1934. The typical class action takes at least 2-3 years to litigate, although the actual time it takes to resolve a case varies, depending on the complexity of the case, the issues involved, and other factors.
How do I sign up to be a Lead Plaintiff?
You can complete the online certification form for your case on our website or at your request we will email you a form to complete and you can send it back to us.
What are the costs and expenses for me?
You do not pay any legal fees, costs, or expenses. The court will award the lead counsel any legal fees, costs, or expenses from the money they recover for the class. If lead counsel doesn’t recover any money for the class, lead counsel doesn’t get paid any legal fees, costs or expenses.
Who can join?
Investors who traded during the class period and suffered losses.
Do I need large losses?
No. Class actions exist to aggregate claims.
Will I need to appear in court?
Rarely; trade details typically suffice.
How long do these cases last?
The typical securities class action takes at least 2-3 years to litigate, although the actual time it takes to resolve a case varies, depending on the complexity of the case, the issues involved, and other factors.
Take Action
Attorney advertising. Prior results do not guarantee a similar outcome.