Glossary of terms used on this site
There are 3 entries in this glossary.C
| Term | Definition |
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| class action |
A "class action" is a legal procedure by which an individual or entity may initiate a lawsuit on behalf of all other individuals or entities who are in the same or similar situation. A class action is appropriate when many people have been affected by a company's course of conduct in a similar fashion. However, a case is not an actual "class action" until the plaintiff satisfies certain legal criteria and the court orders the case "certified" as a class action.
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| class period |
A "class period" is a period of time within which a defendant (that is often a company) is alleged to have been engaged in improper conduct. If you purchased company securities within the class period, you are automatically a putative class member, regardless of whether you specifically retain a law firm to prosecute claims on your behalf. You must have also purchased or acquired company shares during the class period to seek a lead plaintiff appointment.
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