Is a class action possible? I suffered damage from securities trading.

Hello. You asked whether a class action is possible for damage from securities trading. I will answer.

When multiple investors suffer damage due to false disclosure or fraudulent transactions of listed companies, it is possible to file a class action if certain requirements are met.

To proceed with this class action, there must be 50 or more victims, and a representative party will proceed with the lawsuit with court permission.

The characteristic of a class action is that some victims proceed with the lawsuit as representatives, and the lawsuit can proceed without the individual consent of other victims.

In addition, after receiving lawsuit permission from the court, even victims who did not participate in the lawsuit will automatically have the effect of the judgment applied unless they go through a specific procedure called 'exclusion notification'.

That is, even many victims who did not participate in the lawsuit can receive relief according to the judgment result.

Class actions have more complex procedures and many legal issues than general civil lawsuits, so it is very important to receive attorney assistance from the initial stage.

In particular, the help of a specialist attorney is almost essential in determining whether the requirements for filing a lawsuit are met, collecting evidence, and establishing litigation strategy.

Therefore, in the current situation, we recommend consulting with an attorney with experience in securities-related class actions to review whether a class action is actually possible and the procedures.