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Opt-Out Litigation

Opt-Out Litigation

It has always been an option for any member of a class action to “opt out” of a class settlement and pursue a separate (and presumably greater) recovery. In most cases, the cost and complexity make it unfeasible for individual plaintiffs to litigate their cases separately. However, there is a growing opt-out trend in securities class actions, especially on the part of larger institutional investors who have the resources, incentives or shareholder pressures to do so.

On the premise that opting out is more lucrative, some plaintiff firms openly court institutional investors and other members of the class action as a settlement draws near. This shift creates many problems for the defendant companies, who must address a large and unpredictable exposure from opt-out claims over and above the class action settlement or trial award. Plaintiffs also face an important “bird in the hand” decision regarding any proposed settlement versus initiating an independent lawsuit that carries no guarantees.

Defense & Plaintiff Representation In Class Action Opt-Outs

Miller Shah LLP has extensive experience in all facets of class actions, representing plaintiffs and defendants in cases nationwide. Our attorneys have represented individual and institutional investors in FINRA arbitrations, have served as lead counsel in countless class actions, and have litigated both sides of securities opt-out lawsuits.

On behalf of defendant corporations, we work to define and then mitigate the exposure from opt-out lawsuits through clawback provisions and other case-specific strategies. On behalf of institutional investors and other large shareholder plaintiffs, our lawyers can analyze the merits of participating in the class action settlement (or trial) versus the risk and reward considerations of the opt-out path.

On either side of the equation, Miller Shah capably and zealously asserts the interests of our clients. With offices in California, Florida, New York, Connecticut, New Jersey and Pennsylvania, our securities law attorneys handle cases nationwide. Contact Miller Shah online or call 877-891-9880 to discuss our abilities in opt-out litigations or related matters.

Over 1 BILLION Recovered

Our team is equipped and prepared for complicated, high-stakes cases in all areas of business and civil litigation. We continuously strive to achieve the best possible results for our clients.

Novartis False Claims Act Settlement

$642 Million

Novartis False Claims Act Settlement
DST ERISA Class Action Settlement

$124.6 Million

DST ERISA Class Action Settlement
Teva False Claims Act Settlement

$54 Million

Teva False Claims Act Settlement
Norwegian Salmon Antitrust Settlement

$33 Million

Norwegian Salmon Antitrust Settlement
Virgin Airlines Wage and Hour Settlement

$31 Million

Virgin Airlines Wage and Hour Settlement
AMC Securities Settlement

$18 Million

AMC Securities Settlement
Eversource Energy ERISA Class Action Settlement

$14 Million

Eversource Energy ERISA Class Action Settlement
Universal Health Services ERISA Class Action Settlement

$12.5 Million

Universal Health Services ERISA Class Action Settlement
Safeway ERISA Class Action Settlement

$8.5 Million

Safeway ERISA Class Action Settlement
LinkedIn ERISA Class Action Settlement

$6.75 Million

LinkedIn ERISA Class Action Settlement
Coca-Cola ERISA Class Action Settlement

$3.5 Million

Coca-Cola ERISA Class Action Settlement
Beth Israel Medical ERISA Class Action Settlement

$2.9 Million

Beth Israel Medical ERISA Class Action Settlement
Rush University Medical ERISA Class Action Settlement

$2.9 Million

Rush University Medical ERISA Class Action Settlement
L Brands ERISA Class Action Settlement

$2.75 Million

L Brands ERISA Class Action Settlement
Omnicom ERISA Class Action Settlement

$2.45 Million

Omnicom ERISA Class Action Settlement

Words From Our Clients

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Miller Shah LLP

While this website provides general information, it does not constitute legal advice. The best way to get guidance on your specific legal issue is to contact a lawyer. To schedule a meeting with an attorney, please call 866-540-5505 or complete the intake form to email us.
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