What are the benefits of bringing a securities class action?
Bringing an individual lawsuit seeking recovery for damages incurred as a result of a company's violations of the securities laws will typically be prohibitively expensive.
A securities class action allows investors who were similarly harmed to pursue recovery on a level playing field with well-funded corporate defendants. These actions are usually brought on a contingency fee basis, meaning that members of the class, including the lead plaintiff, do not pay any out-of-pocket attorneys' fees. Instead, if Faruqi & Faruqi is successful in obtaining a recovery on behalf of the class of investors, the firm will ask the court to award us attorneys' fees from the recovery.