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ROY L. JACOBS, ESQ.
ROY JACOBS & ASSOCIATES
420 Lexington Avenue Suite 2440
New York, NY 10170
1-888-8844490 Toll-free
212-867-1156
212-504-8343 (Fax)
Email: jacobs@jacobsclasslaw.com
http://www.jacobsclasslaw.com

FAQ

What is a Class Action?

A class action suit may occur when many different people combine their similar complaints. This saves court time and allows a single judge to hear all the concerns at the same time, and  come to one settlement for all parties. If the court agrees to certify the complaints as a class action, all class members should have equal say and rights to any monies or remedies ordered by the court.

 A Class Action is a type of lawsuit in which one person, usually the “Lead Plaintiff,” represents everyone who suffered similar harm from the defendant’s unlawful conduct. 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.


What is the Class Period?

The Class Period is a specific time period during which the unlawful conduct is alleged to have occurred. For example, in a securities class action, anyone who acquired securities of the defendant company during the Class Period is a member of the Class and eligible to participate in any recovery, if we are successful. Although the initial complaint will specify a certain Class Period, the Class Period may be expanded to encompass a longer period of time.


How much will you receive?

It is impossible to determine this at the beginning of a case.  It is our goal to get as much as we can for the class.


What is a Lead Plaintiff?

A lead plaintiff in a securities class action is a class member or members appointed by the Court to act as representatives of the class to pursue the litigation.


What is a Lead Counsel?

Lead counsel are the head lawyers in the case and are responsible for prosecuting the case on behalf of plaintiff and the class.


How do I sign up to be a potential Lead Plaintiff?

You may sign up on this website or contact us by email or the toll-free telephone number.


What are the Costs and Expenses for me?

If we are successful in recovering money for the class, we will request that the court award us a portion of that recovery as compensation for our efforts. If we are unsuccessful in recovering money for the class, you pay nothing and we receive nothing. We advance the costs and expenses of the action.


What are the advantages of being a lead plaintiff?

If you are appointed as a lead plaintiff, you will communicate with the lawyers about the progress of the case and have the right to control the lawyers and thereby influence the outcome of the case.