Four Factors to Weigh Before ‘Opting Out’ of Class Actions
According to FRT’s Counsel of Securities Litigation, Mike Lange, we are in a new era of shareholder activism. Mike recently sat down with Beagan Wilcox Volz of Ignites to discuss the factors institutional investors must consider before deciding whether to join a securities class action or take direct action against the defendant. Unlike ten years ago, we have recently seen more companies opt out of class actions to pursue direct litigation in an attempt to maximize recoveries. Firms tend to take direct action into consideration when they have a large loss and believe they will recover more through private litigation rather than the recovery they would receive in by remaining a part of the class action.
To watch Mike’s interview with Ignites about four factors to weigh before opting out of class actions, click here.
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