Securities class action claims

{
  "id": "MLC-T-INS-003038",
  "term": "Securities class action claims",
  "field": "Insurance and risk management",
  "definition": "Lawsuits filed by a group of investors against a company and its executives or directors, alleging misrepresentations or omissions in financial disclosures that led to a decline in the company's stock price. These claims typically arise under federal securities laws, such as the Securities Exchange Act of 1934. They seek to recover financial losses suffered by the class of shareholders due to the alleged misconduct.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/securities-class-action-claims/"
}