Securities Class Action

A securities class action is a legal lawsuit filed by a group of investors who collectively seek to hold a company accountable for deceptive practices related to its stock. This often happens when a company is accused of misleading investors about its finances or operations, leading to financial losses. In these cases, affected shareholders band together to seek compensation for their losses, rather than pursuing individual lawsuits. These actions are intended to provide a more efficient way for investors to seek justice and promote accountability among publicly traded companies.