What Is a Lead Plaintiff?
The Lead Plaintiff Is Often the First Plaintiff Who Brings the Case to the Attention of the Attorneys Involved, So He or She Will Essentially Be the One...
The lead plaintiff is often the first plaintiff who brings the case to the attention of the attorneys involved, so he or she will essentially be the one responsible for choosing the legal representation that will be used to move the case forward.
What does it mean to be a lead plaintiff?
What is a Lead Plaintiff? Near the beginning of a securities fraud case, the court appoints a Lead Plaintiff to prosecute the lawsuit on behalf of the members of the Class. An individual plaintiff, a group of individuals or other entity – an investment fund, for example – can serve as Lead Plaintiff.
Who gets paid in a class action lawsuit?
Contrary to the picture presented in the media, most of the money in a class action settlement goes to the injured plaintiffs. While the class' attorneys typically take a percentage, the court will restrict their payment to a reasonable amount.
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.
