COMERICA INCORPORATED CLASS ACTION: LAWSUIT WHAT YOU NEED TO KNOW ABOUT THE LEAD PLAINTIFF PROCESS UNDER THE PSLRA AND MORE
The Comerica class action lawsuit seeks to represent purchasers or acquirers of publicly traded Comerica Incorporated (NYSE: CMA) securities between February 9, 2021 and May 29, 2023, inclusive (the “Class Period”). Captioned Ramos v. Comerica Incorporated, №23-cv-06843 (C.D. Cal.), the Comerica class action lawsuit charges Comerica and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Comerica stock and wish to serve as lead plaintiff in the Comerica class action lawsuit, please provide your information below. You can also contact Comerica Stock Loss Lawyer Timothy L. Miles by calling 855/846–6529 or via e-mail at tmiles@timmileslaw.com.
Lead plaintiff motions for the Comerica class action lawsuit must be filed with the court no later than October 20, 2023.
Read on to learn more about the lead plaintiff process under the Private Securities Litigation Reform Act of 1995.
THE LEAD PLAINTIFF PROCESS IN THE COMERICA CLASS ACTION LAWSUIT
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Comerica stock to seek appointment as lead plaintiff in the Comerica class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Comerica stock stock, and have further questions, contact Comerica stock stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Comerica class action lawsuit if you suffered losses in Comerica stock stock.
CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE COMERICA CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN COMERICA STOCK STOCK?
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Comerica stock, they may move the Court to be appointed lead plaintiff in the Comerica class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE CLASS ACTION AGAINST COMERICA
Serving as a Lead Plaintiff in the Comerica class action lawsuit has several advantages and important benefits including:
- A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
- Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
- There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
- Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
- Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation.
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in the Comerica class action lawsuit if you suffered losses in Comerica stock stock.
CAN I BE APPOINTED LEAD PLAINTIFF IN THE COMERICA CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in Comerica stock, if you purchased or sold securities outside of the Class period, you will not be able to participate in the Comerica class action lawsuit.
WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE COMERICA CLASS ACTION LAWSUIT SETTLES?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the Comerica class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff which directly relates to the representation of the class in the Comerica class action lawsuit on behalf of investors who suffered losses in Comerica stock.
CAN I BE LEAD PLAINTIFF IN THE COMERICA CLASS ACTION LAWSUIT IF I AM LEAD PLAINTIFF IN ANOTHER CASE?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Comerica stock, you may move to be appointed lead plaintiff in the Comerica class action lawsuit.
tmiles@timmileslaw.com
855/846–6529
Contact Comerica stock loss lawyer Timothy L. Miles for a free case evaluation about a Comerica lawsuit if you suffered damages in Comerica stock.
CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE COMERICA CLASS ACTION LAWSUIT?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the Comerica class action lawsuit.
HOW WAS THE CLASS PERIOD DETERMINED IN THE COMERICA CLASS ACTION LAWSUIT?
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the Comerica class action lawsuit, you must have suffered losses in Comerica stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Comerica.
HOW CAN A COMERICA STOCK LOSS LAWYER HELP ME IF I SUFFERED LOSSES IN COMERICA STOCK?
A Comerica stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence.
Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients.
Contact a Comerica stock loss Lawyer today if you suffered losses in Comerica stock about the Comerica class action lawsuit who will fight to recover your suffered losses in Comerica stock, provide valuable resources, and will ensure all the proper steps are taken so that your interests are protected and that you receive fair compensation for your losses.
CONTACT A COMERICA STOCK LOSS LAWYER TODAY IF YOU SUFFERED IN LOSSES IN COMERICA STOCK ABOUT AN COMERICA CLASS ACTION LOSSES LAWSUIT
If you suffered losses in Comerica stock, contact Comerica stock loss lawyer Timothy L. Miles today for a free case evaluation about a class action against Comerica. Call today and see what a Comerica stock loss lawyer can do for you if you suffered losses in Comerica stock.
(855) Tim-M-Law (855–846–6529)
THE CALL IS FREE AND SO IS THE FEE UNLESS WE WIN OR SETTLE YOUR CASE, SO CALL TODAY AND SEE WHAT A COMERICA LOSS LAWYER CAN DO FOR YOU.
