Legal Question in Business Law in California

This is about a security litigation settlement. I am a class member for the litigation. I have a conflict with the class action firm's analyst on recognized loss calculation. We know when calculate the recognized loss, we also need to calculate the market loss during a class period. And the market loss should be the sum of gain/loss for all transactions during class period. But the analyst only calculate the sum of gains. So, it lead the conclusion of no recognized loss for my case. What should I do?

Thank you very much.


Asked on 3/01/12, 12:45 am

1 Answer from Attorneys
Patricia Meyer Patricia Meyer & Associates

The class notice has a procedure set forth on how to object or opt out of the settlement. I am very familiar with these issues, but I am not clear on how you are expressing it here... so if you are suggesting that you have no losses because you ultimately made money on the sale of your stock that is not an uncommon issue that arises in securities litigations. But the most important thing you need to do is consult with a securities litigator very quickly... because objection and opt out periods are typically short.

Read more
Answered on 3/01/12, 8:17 am


Related Questions & Answers

More Business Law questions and answers in California