Colling, Gilbert, Wright & Carter Securites Fraud

Class Actions typically make plenty of money for the class action attorneys but leave the investor-plaintiffs frustrated and disappointed. Worse, you may be part of a class action and not even realize it. Such is the case with the current Morgan Keegan class action as well as the potential class actions that have been filed on behalf of Charles Schwab YieldPlus investors around the country.

In typical class action cases, the fund purchasers are automatically included in the class action case unless they explicitly "opts" out of the class action. Unfortunately, investors receive a very thick notice filled with undecipherable legal terms and mega-small print, they often set it aside or throw it away. After the deadline for opting out of the class has passed, the investors are forever barred from filing an individual claim and must live with their individual portion of any class settlement. The investor no longer has the right to recover losses through FINRA (formerly known as the NASD) arbitration process. Class action settlement will likely result in a very disappointing result for investors. The typical class action recovery is about 5 to 7 cents on the dollar for each dollar lost. Therefore, if you do not want to unwittingly drawn into a class action suit, you must affirmatively opt out of the class action(s). The attorneys at Colling, Gilbert, Wright & Carter can explain your options and assist you in making the decision that is appropriate for your individual circumstances.