Are you wondering what to do, when you are faced with a class action lawsuit on one of your investments?
You probably get lots of junk mail from companies that you own stock in, but once in a while, there is a piece of paper that might actually be valuable.
Class action lawsuits are often filed against publicly traded companies, and occasionally a settlement is reached, and shareholders are entitled to a sum of money.
Unfortunately, the form is usually complicated, difficult to read and accompanied by pages over pages of legalese, with a hefty load of homework to fetch supporting documentation.
If you are a client and get one of these, please consider emailing or mailing it to our office for review.
We will research the holding to see if you qualify for the lawsuit and if so, complete the paperwork for you, generate the required additional documentation to prove when the stock was sold and/or held and purchased, and then send back to you for signature so you can mail it in.
If you let those mailers sit too long, you will almost certainly be excluded from the eligibility to get any funds from the class action.
Thanks for taking a look and if you have any questions, please do give us a call or shoot us an email.
This article represents opinions of the authors and not those of their firm and are subject to change from time to time, and do not constitute a recommendation to purchase and sale any security nor to engage in any particular investment or legal strategy. The information contained here has been obtained from sources believed to be reliable but cannot be guaranteed for accuracy.