Updated October 2026 · 36 Open Claims · $3.4B+ Tracked · Free to File

Securities Class Action Settlements in 2026

Securities-fraud settlements open to investor claims — stock-drop and IPO cases where shareholders who bought during the class period can recover a pro rata share of the fund. For the big-picture trends, see our breakdown of the 2025 securities class action filings year in review.

$250M Activision Blizzard Shareholder Settlement (ATVI)
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$250M Activision Blizzard Shareholder Settlement (ATVI)

Deadline: Object by August 31, 2026 (non-opt-out class) · Held Activision (ATVI) common stock at the Oct 13, 2023 Microsoft merger closing · ~$0.30/share automatic payment, no claim form · hearing Sept 15, 2026
Deadline: August 31, 2026
$19M AmTrust Securities Settlement (AFSI)
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$19M AmTrust Securities Settlement (AFSI)

Deadline: October 7, 2026 · Nov. 2015 common stock and Sept. 2016 Series F preferred offerings · est. avg $2.09/common, $0.45/preferred share before fees · brokerage records required
Deadline: October 7, 2026
$32M Stitch Fix Securities Settlement (SFIX)
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$32M Stitch Fix Securities Settlement (SFIX)

Deadline: October 7, 2026 · Bought Stitch Fix (NASDAQ: SFIX) Jun 9, 2020–Jun 9, 2022 · ~$0.17/share avg before fees · brokerage records required
Deadline: October 7, 2026
TAL Education $14.1M Securities Settlement (TAL)
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TAL Education $14.1M Securities Settlement (TAL)

Deadline: October 8, 2026 online · mailed claims postmarked by September 29, 2026 · class period Jan 14, 2022 – Mar 14, 2023, held through Mar 14, 2023 · TAL ADSs (NYSE: TAL) · est. $0.09/ADS pro rata · brokerage records required
Deadline: October 8, 2026
Vintage Wine Estates $7.5M Securities Settlement (VWE) — About $0.79 a Share
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Vintage Wine Estates $7.5M Securities Settlement (VWE) — About $0.79 a Share

Deadline: October 9, 2026 · class period Oct 13, 2021 – Feb 8, 2023 · VWE (Nasdaq, now delisted) · pro rata, est. $0.79/share before fees · brokerage records required
Deadline: October 9, 2026
$125M Zymergen IPO Securities Settlement
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$125M Zymergen IPO Securities Settlement

Deadline: October 11, 2026 · Bought Zymergen stock in or traceable to the April 2021 IPO (eligible purchases Apr 21 – Aug 3, 2021) · estimated $6.21/share before fees · brokerage records required · hearing Oct 13, 2026
Deadline: October 11, 2026
Spectrum Pharmaceuticals $7M Securities Settlement (SPPI)
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Spectrum Pharmaceuticals $7M Securities Settlement (SPPI)

Deadline: October 12, 2026 · class period May 12 – Sept 22, 2022 · Spectrum Pharmaceuticals (formerly Nasdaq: SPPI) · est. $0.08/share pro rata · brokerage records required
Deadline: October 12, 2026
$35M Hain Celestial Securities Settlement (HAIN)
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$35M Hain Celestial Securities Settlement (HAIN)

Deadline: October 13, 2026 · Bought Hain Celestial (NASDAQ: HAIN) common stock or call options, or sold put options, Nov 5, 2013 – Feb 10, 2017 · estimated $0.28/share before fees, $0.18 after · alleged undisclosed distributor concessions and premature revenue recognition · shares sold before Jan 22, 2016 recover nothing · brokerage records required · hearing Oct 28, 2026
Deadline: October 13, 2026
$10M Rockley Photonics Securities Settlement (RKLY)
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$10M Rockley Photonics Securities Settlement (RKLY)

Deadline: October 15, 2026 · Bought Rockley Photonics (NYSE: RKLY) common stock Aug 11, 2021 – Jan 23, 2023 · estimated $0.11/share before fees · shares sold before May 12, 2022 recover nothing · brokerage records required · hearing Oct 20, 2026
Deadline: October 15, 2026
$9.5M Eagle Pharmaceuticals Securities Settlement (EGRX)
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$9.5M Eagle Pharmaceuticals Securities Settlement (EGRX)

Deadline: October 16, 2026 · Bought Eagle Pharmaceuticals (Nasdaq: EGRX) common stock Aug 9, 2022 – Oct 1, 2024 · estimated $1.18/share before fees, about $0.76 after · alleged misstatements about Pemfexy sales and internal controls over financial reporting · shares sold before May 9, 2023 recover nothing · options not eligible · brokerage records required · approved August 19, 2026
Deadline: October 16, 2026
$26.5M PowerSchool Stockholder Settlement
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$26.5M PowerSchool Stockholder Settlement

Deadline: Object by October 19, 2026 (non-opt-out class) · Held PowerSchool Holdings common stock at the Oct 1, 2024 Bain Capital take-private closing and received $22.80 per share · about $0.44/share before fees, automatic payment with no claim form · hearing Nov 9, 2026
Deadline: October 19, 2026
$175M Seagate Securities Settlement (STX)
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$175M Seagate Securities Settlement (STX)

Deadline: October 19, 2026 · Bought Seagate Technology Holdings (Nasdaq: STX) common stock Sept 14, 2020 – Apr 19, 2023 · estimated $1.03/share before fees, which the notice estimates at about $0.26/share · alleged concealment of the size of Seagate's hard drive sales to Huawei · shares sold before the close on March 7, 2022 recover nothing · brokerage records required · hearing Nov 17, 2026
Deadline: October 19, 2026
$60M Continental Resources Shareholder Settlement (CLR)
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$60M Continental Resources Shareholder Settlement (CLR)

Deadline: Object by October 26, 2026 · Held Continental Resources (CLR) common stock at the Nov 22, 2022 $74.28-per-share take-private closing · pro rata automatic payment, no claim form · hearing Nov 10, 2026
Deadline: October 26, 2026
$7.5M WM Technology Securities Settlement (MAPS)
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$7.5M WM Technology Securities Settlement (MAPS)

Deadline: October 30, 2026 · May 25, 2021 – Sept. 24, 2024 · Nasdaq: MAPS common stock and warrants · est. avg $0.072/security before fees · brokerage records required
Deadline: October 30, 2026
Cronos Group $10M U.S. Securities Settlement (CRON)
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Cronos Group $10M U.S. Securities Settlement (CRON)

Deadline: November 9, 2026 · class period May 9, 2019 – Mar 30, 2020 · CRON (Nasdaq/U.S. markets only; TSX excluded) · pro rata, est. $0.06/share before fees · brokerage records required
Deadline: November 9, 2026
$18.2M Carrols Restaurant Group Stockholder Settlement (TAST)
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$18.2M Carrols Restaurant Group Stockholder Settlement (TAST)

Deadline: Object by November 9, 2026 (non-opt-out class) · Held Carrols Restaurant Group (TAST) common stock at the May 16, 2024 closing of the Restaurant Brands International acquisition and received $9.55 per share · about $0.44/share before fees, automatic payment with no claim form · hearing Nov 23, 2026
Deadline: November 9, 2026
$6M Gritstone bio Securities Settlement (GRTS)
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$6M Gritstone bio Securities Settlement (GRTS)

Deadline: November 13, 2026 · March 9, 2023 – April 2, 2024 · Nasdaq: GRTS common stock · est. avg $0.11/share before fees · brokerage records required
Deadline: November 13, 2026
$147.5M WWE Merger Stockholder Settlement (TKO)
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$147.5M WWE Merger Stockholder Settlement (TKO)

Deadline: Object by November 16, 2026 (non-opt-out class) · Held WWE Class A common stock exchanged for TKO Group Holdings stock at the September 12, 2023 closing of the WWE–UFC merger · about $2.74/share before fees, automatic payment with no claim form · hearing Nov 30, 2026
Deadline: November 16, 2026
$17.05M Twist Bioscience Securities Settlement (TWST)
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$17.05M Twist Bioscience Securities Settlement (TWST)

Deadline: November 17, 2026 · Bought Twist Bioscience (Nasdaq: TWST) common stock Dec 20, 2018 – Nov 15, 2022, or in the December 2020 offering at $110/share · estimated $0.31/share before fees · shares sold before Nov 15, 2022 recover nothing under the Exchange Act calculation · brokerage records required · hearing Nov 18, 2026
Deadline: November 17, 2026
$12.75M Holley Securities Settlement (HLLY)
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$12.75M Holley Securities Settlement (HLLY)

Deadline: November 19, 2026 · Bought Holley Inc. (NYSE: HLLY) common stock or warrants Jul 21, 2021 – Feb 6, 2023 · estimated $0.16/share before fees · securities sold before July 29, 2022 recover nothing · warrants capped at 5% of the net fund · brokerage records required · hearing Nov 9, 2026
Deadline: November 19, 2026
Twitter Stock Jury Verdict — Full Damages Plus Interest (TWTR)
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Twitter Stock Jury Verdict — Full Damages Plus Interest (TWTR)

Deadline: November 24, 2026 · Sold Twitter (NYSE: TWTR) stock or call options, or bought puts, May 13 – Oct 4, 2022 · a jury found Musk violated §10(b) and deflated the stock, so claimants get their full jury-awarded damages plus interest rather than a share of a fund (example: $7.94/share for May 18, 2022 sales) · brokerage records required · Pampena v. Musk · fees hearing to be set
Deadline: November 24, 2026
$85M Everbridge Securities Settlement (EVBG)
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$85M Everbridge Securities Settlement (EVBG)

Deadline: November 25, 2026 · EVBG (Nasdaq) common stock bought Feb. 18, 2020–Feb. 24, 2022 · about $2.32/share before fees, pro rata · brokerage records required
Deadline: November 25, 2026
$8M CAD Wayland Group Securities Settlement (WAYL/MARI)
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$8M CAD Wayland Group Securities Settlement (WAYL/MARI)

Deadline: November 30, 2026 · Acquired Wayland Group (CSE: WAYL, formerly MARI) or Maricann common shares, units or warrants Dec 13, 2017 – Aug 2, 2019 and still held some at the close on Aug 2, 2019 · pro rata, capped at $0.74, $0.17 or $0.03 a share by trade date · nothing distributed below $100 · bank or brokerage records required · Ontario Superior Court of Justice, approved March 19, 2026
Deadline: November 30, 2026
ASP Isotopes $9.35M Securities Settlement (ASPI) — About $0.38 a Share
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ASP Isotopes $9.35M Securities Settlement (ASPI) — About $0.38 a Share

Deadline: December 2, 2026 · class period Sept 26 – Nov 26, 2024 · ASPI (Nasdaq) · pro rata, est. $0.38/share before fees · brokerage records required
Deadline: December 2, 2026
$39M Edwards Lifesciences Securities Settlement (EW)
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$39M Edwards Lifesciences Securities Settlement (EW)

Deadline: December 2, 2026 · Bought Edwards Lifesciences (NYSE: EW) common stock Feb 6 – Jul 24, 2024 · estimated $0.66/share before fees · alleged misstatements about TAVR heart-valve growth · shares sold before Jul 25, 2024 recover nothing · brokerage records required · hearing Dec 16, 2026
Deadline: December 2, 2026
$2.35M Hut 8 Securities Settlement (HUT)
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$2.35M Hut 8 Securities Settlement (HUT)

Deadline: December 5, 2026 · HUT (Nasdaq/TSX) shares from the USBTC merger or bought Dec. 4, 2023–Jan. 18, 2024 · about $0.07/share before fees, pro rata · brokerage records required
Deadline: December 5, 2026
$19.5M Kornit Digital Securities Settlement (KRNT)
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$19.5M Kornit Digital Securities Settlement (KRNT)

Deadline: December 10, 2026 · Bought Kornit Digital (NASDAQ: KRNT) ordinary shares Feb 17, 2021 – Jul 5, 2022 or in the Nov 2021 secondary offering · estimated $0.53/share before fees · shares sold before May 11, 2022 recover nothing · brokerage records required · hearing Nov 18, 2026
Deadline: December 10, 2026
$175M Becton Dickinson SEC Fair Fund (BDX)
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$175M Becton Dickinson SEC Fair Fund (BDX)

Deadline: December 13, 2026 · Bought or acquired Becton, Dickinson and Company (BDX) common stock Feb 5, 2019 – Feb 5, 2020 · an SEC Fair Fund redistributing the $175,000,000 civil penalty, not a class action settlement · share based on your Recognized Loss under the Plan of Allocation, nothing paid below $20 · brokerage records required
Deadline: December 13, 2026
$1.225M Kiromic BioPharma Securities Settlement (KRBP)
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$1.225M Kiromic BioPharma Securities Settlement (KRBP)

Deadline: December 14, 2026 · June 2021 offering or June 25, 2021–Feb. 2, 2022 purchases · about $0.08/share before fees · brokerage records required
Deadline: December 14, 2026
$10.05M WEBTOON Entertainment IPO Securities Settlement (WBTN)
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$10.05M WEBTOON Entertainment IPO Securities Settlement (WBTN)

Deadline: December 14, 2026 · stock bought in or traceable to the June 27, 2024 IPO (WBTN) · about $0.45/share before fees · brokerage records required
Deadline: December 14, 2026
$4.35M National Holdings Stockholder Settlement
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$4.35M National Holdings Stockholder Settlement

Deadline: December 16, 2026 · Held National Holdings stock Feb 9–25, 2021 and cashed out at $3.25 in the B. Riley tender offer · about $0.60/share before fees · brokerage records required
Deadline: December 16, 2026
$20M NAPCO Security Technologies Securities Settlement (NSSC)
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$20M NAPCO Security Technologies Securities Settlement (NSSC)

Deadline: December 28, 2026 · NSSC (Nasdaq) common stock bought Nov. 7, 2022–Aug. 18, 2023 · about $1.23/share before fees, pro rata · brokerage records required
Deadline: December 28, 2026
$6.5M Co-Diagnostics Securities Settlement (CODX)
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$6.5M Co-Diagnostics Securities Settlement (CODX)

Deadline: January 6, 2027 · Bought Co-Diagnostics (CODX) common stock or call options, or sold put options, May 12 – Aug 11, 2022 · estimated $0.61/share before fees, about $0.36 after · alleged misstatements about demand for the Logix Smart COVID-19 Test · shares sold before Aug 12, 2022 recover nothing · brokerage records required · hearing Dec 8, 2026
Deadline: January 6, 2027
$2.4M Revance Stockholder Settlement (RVNC)
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$2.4M Revance Stockholder Settlement (RVNC)

Deadline: March 17, 2027 · Cashed out at $3.65 in the Feb 6, 2025 Crown Laboratories buyout, for shares not covered by the federal Revance securities settlement · brokerage records required
Deadline: March 17, 2027
$114.5M Anadarko Securities Settlement (APC) Settlement Reached
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$114.5M Anadarko Securities Settlement (APC)

Pending preliminary approval · bought Anadarko (APC) common stock Feb 20, 2015 – May 2, 2017 · est. $0.41 a share average before fees · brokerage records required
$15.98M AeroGrow Shareholder Settlement (AERO) Payments Pending
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$15.98M AeroGrow Shareholder Settlement (AERO)

Approved May 8, 2026 · Held AeroGrow (OTCQB: AERO) stock at the Feb 26, 2021 Scotts Miracle-Gro buyout closing at $3.00 a share · pro rata per-share automatic payment, no claim form · payment date not yet announced

Closed & Expired Securities Settlements

The settlements below are provided for reference only. Claim deadlines have passed or payouts have already been distributed. You can no longer file a new claim in these matters.

$45M iRhythm Technologies Securities Settlement (IRTC) Claims Closed
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$45M iRhythm Technologies Securities Settlement (IRTC)

Deadline: October 1, 2026 · Bought iRhythm Technologies (NASDAQ: IRTC) July 25, 2022 – Aug 9, 2024 · estimated $1.83/share before fees · alleged Zio AT heart monitor misstatements · brokerage records required · hearing Nov 5, 2026
Deadline: October 1, 2026
$69M ChemoCentryx Securities Settlement (CCXI) Claims Closed
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$69M ChemoCentryx Securities Settlement (CCXI)

Deadline: October 1, 2026 · Bought ChemoCentryx (NASDAQ: CCXI) Nov 26, 2019 – May 6, 2021 · estimated $2.88/share before fees · brokerage records required · hearing Oct 29, 2026
Deadline: October 1, 2026
$15M Edgio Securities Settlement (LLNW/EGIO) Claims Closed
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$15M Edgio Securities Settlement (LLNW/EGIO)

Deadline: September 28, 2026 · Bought Limelight (LLNW) or Edgio (EGIO) Feb 12, 2021 – Mar 10, 2023 · pro rata by recognized loss · brokerage records required
Deadline: September 28, 2026
$172.5M Danaher Securities Settlement (DHR) Claims Closed
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$172.5M Danaher Securities Settlement (DHR)

Deadline: September 20, 2026 · Bought Danaher (NYSE: DHR) common stock Jan 27, 2022 – Oct 23, 2023 · estimated $1.13/share before fees · alleged misstatements about the bioprocessing business · shares sold before Oct 20, 2022 recover nothing · brokerage records required · hearing held Sept 3, 2026
Deadline: September 20, 2026
$15M Elanco Animal Health SEC Fair Fund (ELAN) Claims Closed
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$15M Elanco Animal Health SEC Fair Fund (ELAN)

Deadline: September 14, 2026 · Bought or acquired Elanco Animal Health (NYSE: ELAN) common stock May 9, 2019 – May 6, 2020 · an SEC Fair Fund redistributing the $15,000,000 civil penalty, not a class action settlement · share based on your Recognized Loss under the Plan of Allocation, nothing paid below $20 · brokerage records required
Deadline: September 14, 2026
$6.5M Amylyx Pharmaceuticals Securities Settlement (AMLX) Claims Closed
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$6.5M Amylyx Pharmaceuticals Securities Settlement (AMLX)

Deadline: August 31, 2026 · Bought Amylyx (NASDAQ: AMLX) Nov 11, 2022–Nov 8, 2023 · ~$0.16/share net · brokerage records required
Deadline: August 31, 2026
$70M Shoals Technologies Securities Settlement (SHLS) Claims Closed
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$70M Shoals Technologies Securities Settlement (SHLS)

Deadline: August 25, 2026 · Bought Shoals (NASDAQ: SHLS) May 16, 2022–May 7, 2024 · ~$0.34/share avg · brokerage records required
Deadline: August 25, 2026
$55M SolarEdge Technologies Securities Settlement (SEDG) Claims Closed
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$55M SolarEdge Technologies Securities Settlement (SEDG)

Deadline: August 17, 2026 · Bought SolarEdge (NASDAQ: SEDG) Feb 13–Oct 19, 2023 · pro rata by recognized loss · brokerage records required
Deadline: August 17, 2026
$8.5M Virgin Galactic Securities Settlement (SPCE) Claims Closed
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$8.5M Virgin Galactic Securities Settlement (SPCE)

Deadline: August 13, 2026 · Bought Virgin Galactic (NYSE: SPCE) or Social Capital Hedosophia (IPOA) Jul 10, 2019–Aug 4, 2022 · ~$0.075/share avg for Jul 12–Sep 2, 2021 buys · brokerage records required
Deadline: August 13, 2026
$210M Estée Lauder Securities Settlement (EL) Claims Closed
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$210M Estée Lauder Securities Settlement (EL)

Deadline: August 5, 2026 · Bought Estée Lauder (NYSE: EL) Feb 3, 2022–Feb 3, 2025 · ~$0.68/share before fees · brokerage records required
Deadline: August 5, 2026
$60M Mylan Securities Settlement (MYL) Claims Closed
Securities

$60M Mylan Securities Settlement (MYL)

Deadline passed: July 10, 2026 · Bought Mylan (NASDAQ: MYL) Feb 16, 2016–May 7, 2019 · ~$0.11/share · brokerage records required
Deadline: July 10, 2026
$210M FIS Securities Settlement (FIS) Claims Closed
Securities

$210M FIS Securities Settlement (FIS)

Deadline passed: May 28, 2026 · Bought FIS (NYSE: FIS) May 7, 2020–Feb 10, 2023 · ~$0.32/share net
Deadline: May 28, 2026
$65M Snap Inc. Securities Settlement (SNAP) Claims Closed
Securities

$65M Snap Inc. Securities Settlement (SNAP)

Deadline passed: May 6, 2026 · Bought Snap (NYSE: SNAP) Feb 5–Oct 21, 2021 · pro rata by recognized loss
Deadline: May 6, 2026
$740M DiDi IPO Securities Settlement Claims Closed
Securities

$740M DiDi IPO Securities Settlement

Deadline passed: April 6, 2026 · Bought DiDi (NYSE: DIDI) ADS June 30–July 21, 2021 IPO period · ~$1.84/share
Deadline: April 6, 2026
$47.5M Olaplex Securities Settlement Claims Closed
Securities

$47.5M Olaplex Securities Settlement

Deadline passed: November 24, 2025 · Bought Olaplex in/after the Sept 29–Nov 12, 2021 IPO period · pro rata by recognized loss
Deadline: November 24, 2025
$14.75M Funko IPO Securities Settlement (FNKO) Claims Closed
Securities

$14.75M Funko IPO Securities Settlement (FNKO)

Deadline passed: July 2, 2025 · Bought Funko (NASDAQ: FNKO) stock traceable to the Nov 1, 2017 IPO · est. $0.57–$0.91 per share · brokerage records required · final approval granted June 6, 2025
Deadline: July 2, 2025
$47M Novavax Securities Settlement (NVAX) Claims Closed
Securities

$47M Novavax Securities Settlement (NVAX)

Closed · Bought Novavax (NASDAQ: NVAX) May 11–Oct 19, 2021 · pro rata under court-approved Plan of Allocation

What Is a Securities Class Action?

A securities class action is a lawsuit brought on behalf of everyone who bought a company's stock (or other securities) during a specific period and lost money because the company allegedly made false or misleading statements. Most are brought under the federal securities laws — primarily Section 10(b) of the Securities Exchange Act and SEC Rule 10b-5, which prohibit fraud in connection with the purchase or sale of securities. IPO-related cases are often brought under Sections 11 and 12 of the Securities Act, which target misstatements in a registration statement or prospectus.



How Do Securities Fraud Claims Work?

The theory in most stock-drop cases is straightforward: a company made statements that hid bad news, the stock traded at an inflated price while the truth was concealed, and when the truth came out through a corrective disclosure the price fell — leaving investors who bought during the inflated period with losses. To certify the class and prove damages, plaintiffs typically rely on the fraud-on-the-market presumption, which assumes the market price reflected the alleged misstatements. The Private Securities Litigation Reform Act (PSLRA) sets heightened pleading standards and governs how a lead plaintiff is appointed to represent the class.



Who Is Eligible to File?

Eligibility turns on the class period — the dates between the first alleged misstatement and the corrective disclosure. If you purchased the security during that window, you are generally a class member, whether or not you ever spoke to a lawyer. Investors who sold before the truth came out, or who bought after it was disclosed, are often excluded or recover less, because they were not damaged by the inflation in the same way. Each settlement page on this site lists the exact class period, the eligible securities, and any exclusions the court approved.




How Securities Settlement Payouts Are Calculated

Securities settlements almost never pay a flat amount per person. Instead, the court approves a Plan of Allocation that assigns each class member a Recognized Loss based on when they bought and sold, how many shares, and the price movement attributable to the alleged fraud. The net settlement fund — what remains after court-approved attorneys' fees and administration costs — is then divided pro rata in proportion to each valid claimant's Recognized Loss. Because the fund is fixed, the more valid claims that are filed, the smaller each share becomes. Most plans also set a minimum distribution (often $10) below which no check is mailed.



What Proof You Need to File a Claim

Securities claims always require documentation of your trades. Gather your brokerage trade confirmations and monthly account statements showing the dates, share quantities, and prices of every purchase and sale of the security during (and sometimes shortly after) the class period. If you held the stock in a retirement or managed account, your broker or plan administrator can usually produce a transaction history. The claims administrator uses these records to calculate your Recognized Loss, so accurate, complete trade data is the single most important thing you can submit. If you have lost a Claim ID or notice, use the contact form on the official settlement website rather than guessing.



How to File a Securities Claim

  1. Confirm you bought the security during the class period listed on the settlement page.
  2. Pull your brokerage statements and trade confirmations for every purchase and sale in that window.
  3. Open the official claims administrator website linked from the settlement page and start the claim form.
  4. Enter your transaction details (or upload broker records) and your Claim ID or Notice ID if you received one in the mail or by email.
  5. Submit before the filing deadline and keep your confirmation. There is no cost to file your own claim.


Key Terms Glossary


Class Period: The window of dates during which the alleged misstatements inflated the stock price; only purchases in this window are eligible.

Rule 10b-5: The SEC rule under the Securities Exchange Act that prohibits fraud and material misstatements in connection with buying or selling securities.

Recognized Loss: The dollar figure a Plan of Allocation assigns to your trades; your pro rata share of the fund is based on it, not on your actual out-of-pocket loss.

Plan of Allocation: The court-approved formula that divides the net settlement fund among valid claimants.

Lead Plaintiff: The investor (often the one with the largest loss) appointed under the PSLRA to represent the class; absent class members do not need to be the lead plaintiff to file.

Corrective Disclosure: The event — an earnings restatement, regulatory action, or news report — that reveals the truth and typically triggers the stock-price drop.



Sources

• Securities Exchange Act of 1934, Section 10(b) — SEC statute text
• SEC Rule 10b-5 (17 CFR § 240.10b-5) — eCFR
• Private Securities Litigation Reform Act of 1995 (PSLRA) — Congress.gov
• Securities Act of 1933, Sections 11 & 12 — SEC statute text
• Investor.gov — Class Action Lawsuits (SEC Office of Investor Education)


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