What is the lead plaintiff deadline?

Video Description

The lead plaintiff deadline is the last day that an investor may file a motion with the court requesting to be appointed as the lead plaintiff for that action. When a securities class action is initiated, the person who files the first action is required to publish notice announcing the filing. Anyone who wishes to lead the litigation on behalf of the class must thereafter file a motion to be appointed as lead plaintiff no later than 60 days after the notice was published.

 

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Author

Katherine M. Lenahan
Partner at Faruqi & Faruqi, LLP

New York office
Tel: (212) 983-9330
Fax: (212) 983-9331
E-mail: klenahan@faruqilaw.com

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