Focus (Forum & Focus)
Apr. 2, 2008
Opting Out
Forum Column - By Mark Labaton - Opting out of class actions and going it alone can sometimes yield bigger payouts for large investors.
By Mark Labaton
This article appears on Page 4
In the 1960s, counterculture guru Dr. Timothy Leary told young people to "turn on, tune in and drop out." Some plaintiff securities lawyers now give clients similar advice: "Opt out."
Opting out means exiting a securities class action and representing one's interests alone - going solo.
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