What are a Lead Plaintiff’s responsibilities?

A Lead Plaintiff has a duty to act in the best interest of the class. This includes selecting, monitoring, and overseeing Lead Counsel. Some other examples include the review of court filings on behalf of the class, discussing litigation strategies with Lead Counsel, attending depositions, attending hearings, and participating in mediation and the trial (if necessary). Most important, a Lead Plaintiff will have input into any decision concerning the settlement of the securities class action.