DRRT's Global Loss Recovery Blog

Opting Out Of The Class: It May Be The Best Course Of Action

Posted by Jonathan Cohen on Aug 3, 2021 10:27:58 AM

To opt-out, that is the question. An opt-out action is when an investor chooses to remove itself as a class member of a securities class action suit with the intention of filing a direct action against the defendant. There are many reasons why it may be advantageous for an investor to proceed in this manner. As we have had an abundance of experience with direct action opt-outs, if the damages are large enough, this will likely be the best course of action for the institutional investor.

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Topics: U.S. Securities Class Actions, Class Action, litigation, institutional investor, claims, Opt-out