What is a lead plaintiff? What is a class representative?

The role of the lead plaintiff is to prosecute the case on behalf of all other investors in the class. The lead plaintiff may be asked to give a deposition to explain the facts of their investment. Lead plaintiffs will work with other investors, and with counsel, to help direct actions taken in the case. Under federal law that authorizes class actions for securities fraud, the class members with the largest losses may have priority in the selection of the "lead plaintiff".

Appointment of Lead Plaintiff - 1 (pdf)
Appointment of Lead Plaintiff - 2 (pdf)

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