Credit: Olivier Le Moal/Adobe Stock Plaintiff Can't Opt Out of $97 Million Securities Settlement, NJ Fed Judge Rules
The party seeking to opt out had argued that maintaining its own lawsuit separate from the class action should have provided a "reasonable indication" of its plans.
September 13, 2024 at 05:00 PM
4 minute read
A New Jersey federal court judge refused to allow a plaintiff to opt out of a $97 million federal securities class action settlement, dismissing the argument that maintaining its own lawsuit separate from the class action was a "reasonable indication" that it was opting out.
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