Am I a class member if I only purchased my securities before or after the class period?
Am I a class member if I only purchased my securities before or after the class period?
See informative video here: https://faruqilaw.com/uploads/blog/1575395293-10b5-MMS-Purchases-and-Class-Period.mp4
Only the securities purchased during the class period are the subject of the litigation. Therefore, if you purchase securities only before or only after the class period, you would not qualify as a class member. However, the class period may be extended during the course of the case as the allegations are further developed, leaving open the possibility that your non-class period purchases may eventually fall within the definition of the class.
If you would like more information about whether you qualify as a class member in a case, please contact us.
Faruqi & Faruqi, LLP focuses on complex civil litigation, including securities, antitrust, wage and hour and consumer class actions as well as shareholder derivative and merger and transactional litigation. The firm is headquartered in New York, and maintains offices in Atlanta, Los Angeles and Philadelphia.
Since its founding in 1995, Faruqi & Faruqi, LLP has served as lead or co-lead counsel in numerous high-profile cases which ultimately provided significant recoveries to investors, direct purchasers, consumers and employees.
To schedule a free consultation with our attorneys and to learn more about your legal rights, call our offices today at (877) 247-4292 or (212) 983-9330.
