What types of claims are brought in securities class actions?
Claims brought in securities class actions generally challenge allegedly material false and misleading statements made by publicly traded companies and/or their officers, directors, other employees, accountants or underwriters made in publicly distributed communications such as press releases, annual reports, prospectuses, annual and quarterly filings or in other such documents. Such actions also often challenge insider trading by individuals associated with such public companies. Securities class actions generally are brought under the anti-fraud provisions of the federal securities laws.
