Q. What is a class action shareholder lawsuit?

A class action shareholder lawsuit is where a number of shareholders who have similar claims and who have been damaged in similar ways consolidate their claims into a single lawsuit. If the suit prevails, damages are awarded to individual shareholders in the class. This is also called a shareholder class action.

Q. I might be the victim of fraud but I don’t have money to hire an attorney.

It is an unfortunate reality that some people or organizations engage in improper behavior and rely on the sometimes high cost of litigation to deter their victims from coming forward. Shareholder Rights Attorneys are completely opposed to this behavior and regards it as a source of potential injustice. As such, we often take cases of fraud on a contingent basis. That means that some or all of our legal fees would be waived and instead, and we would receive a portion of the funds we recover on your behalf. In other words, we wouldn't get paid until (and unless) you get paid.

Q. As a shareholder, what is the difference between an direct action (lawsuit) and an indirect action?

A direct action is where one or more shareholders sue the corporation. An indirect action is where one or more shareholders sue one or more third parties, on behalf of the corporation. Indirect actions are often filed against directors and/or officers of the corporation where these directors and/or officers have failed to protect the interests of the corporation and/or where they are involved in the alleged wrongdoing.

Normally monetary awards in an indirect action would go to the corporation itself, since in this case shareholders would be suing on behalf of the corporation as opposed to in their own right.

Q. If an indirect shareholder action is successful, who gets the money?

In general, no. Normally, a shareholder would need to have been an active shareholder at the time of the wrongdoing. It may even be impermissible for a shareholder who bought shares after the alleged wrongdoing to try to convince shareholders who had shares at the time of the wrongdoing to pursue legal action. It is important to seek qualified and experienced legal counsel to help work through your options.

Q. Can I sue a company for actions committed before I bought shares?

Yes. You are not required to retain ownership of the securities to pursue a claim of securities fraud, provided that your claim meets all other relevant criteria.

Q.  Can I sue a company if I have already sold my shares?

These types of situations can be very tricky and it is very important that you seek the advice of an attorney who is experienced in this area of law. The Wagner Group provides free, confidential consultations in these situations so that you can protect your rights while reducing liability. There is a contact form on the bottom of this page

Q. What if I am aware of wrongdoing by a company or its officers and/or directors, but I am not a shareholder or was not a shareholder at the time of the alleged wrongdoing?

Q.  What if I have information but am not sure if a crime has been committed or whether I would be entitled to receive compensation?

Please feel free to fill out the contact form at the bottom of this page or call us at 310-491-7949 for a free and completely confidential and private consultation, without obligation.

The Wagner Firm has an unparalleled reputation for integrity and getting results for clients. Since 2008 we have recovered many millions of dollars for clients while pursuing their claims in a discrete, effective, and professional manner. The Wagner Firm specializes in fraud, securities litigation, and insurance lawsuits. We know the major players, we know the system, and we know how judges and juries are likely to respond to different arguments and claims. Our contingent fee structure means that we can only succeed when our clients succeed, which is the way we like it.

Q.  Why should The Wagner Firm (shareholder rights attorney) represent me?

No. If multiple class action lawsuits have been filed, the courts will generally consolidate these into one case. Being represented by more than one law firm for the same claim may slow down your recovery and will not increase the likelihood or the amount of damages that you might recover.

Q.  I might have a securities fraud claim, but it looks like more than one law firm is representing plaintiffs.  Do I need to contact them all?

Contact Us To Learn More Or To Report A Possible Securities Fraud.

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