How does one become a lead plaintiff?
Under the Private Securities Litigation Reform Act of 1995, courts will appoint a lead plaintiff or plaintiffs to represent a class from the member or members of a class who (i) request to be a lead plaintiff within 60 days of the publication of a notice of the pendency of a class action; (ii) are most capable of adequately representing the interests of the class; and (iii) determined by the court to have the largest financial interest in the relief sought by the class, among those investors who seek to be appointed lead plaintiff.
