If more than one law firm filed a class action securities case related to the same underlying securities violations, do I need to contact all of them?

A securities class action is a lawsuit brought by a number of different plaintiffs who have had similar negative experiences that give rise to legal claims and, and who for the purposes of convenience and ease of traveling through the court system, are grouped together into what is called a class. If there are multiple securities class actions being brought against the same company by multiple law firms regarding the same product, you will not generally need to contact all the firms in order to join the class action securities case. 

Understanding Class Actions

You do not want or need to contact more than one law firm or retain more than one law firm to represent you in a single class action securities case. There are a few reasons why you don't need to do this:

• The court is going to group all of these different classes together, and so the case will eventually become one big case anyway.   
• As a member of the class, you will not even need to retain your own law firm at all. Instead, you may receive an invitation in the mail from one particular firm to join the securities class action or you may simply need to notify one of the law firms that you are a member of the class and that you wish to be included in the suit. Once you notify one firm and demonstrate that you qualify, you are put onto that firm's list of class members/plaintiffs and are a part of the class
• You cannot join the class action securities case multiple times, since you are only going to be able to make one claim (and get your own single portion of the damages). So, even if you do contact multiple firms, rest assured that you will end up with only one firm representing you in the class action securities case in the end. 

Getting Help

To understand the class action securities case process or for advice on joining a securities class action, you should contact an attorney as soon as possible.