Statement to Proposed Class
发表于 : 2021年 3月 1日 23:39
In this post, I hope to answer some lingering questions, provide some insight about our firm, and additionally provide a roadmap so that more of you can understand why the structure we have set up initially is set up this way. Further, I hope to broaden the understanding of how class actions work and what you can expect.
Firstly, about our firm. Our firm is one of three that are currently involved with this suit. We are the primary firm that was retained and is taking initiative for purposes of moving forward with this action. Our attorneys consist of several very experienced litigators, as well as several very experienced securities attorneys, and numerous other ambitious attorneys and legal staff. Our securities attorneys have had positions as the chief legal officer‘s in fortune 500 companies, while others have held positions that allowed them the opportunity to help companies in their initial public offerings. In doing so our securities attorneys are very well-versed with many questions revolving around the SEC and any other crowdfunding ventures.
It is very important to note that no one attorney is responsible for a case of this magnitude. Cases such as this pose a significant number of legal questions. Each of these questions is typically forwarded to the most appropriate attorney that is experienced in that field. Until now, I have been the primary one that has been discussing the developments with the proposed class of individuals. But most of what I am vocalizing is in fact the conclusions of what our attorneys in each respective area have concluded.
Our firm has attorneys that focus on class actions, plaintiffs' work, defense work, civil litigation, white-collar offenses, business litigation, and international law. We have also had several cases where we have fought diligently to help people gain asylum status in the United States while fleeing from the CCP. We are avid believers and what does the group stands for and hope to show this as our representation grows.
I speak on behalf of everybody at Diamondback Legal, as well as the two other firms working closely with us, in saying that we are eager and excited to work with each of you should you afford us the opportunity.
Secondly, the roadmap. Class actions don’t begin as class actions, typically. Rather, they start as a proposed civil suit initiated by one individual. After a thorough review from the firm, the legal staff will then determine if there are enough people that have suffered similar damages to where it would be more appropriate to have those individuals join in the same cause of action. If the Firm does in fact believe this to be the case, they would go through a phase where are they initially gather as many facts as possible. After doing this they will interview each and every single person that seeks to be a member of this class. The firm would be responsible for making sure that each individual is in fact a qualifying member of the class, and that each individual bears a sufficient amount of proof to establish this. After establishing this, the firm will then request that each qualified individual retain the form for purpose of moving forward. Our firm has decided to take this case on a contingency basis of 10% if it settles before trial and 15% if it concludes after a trial. What this means to you is that our firm is expanding its own resources for purpose of helping you seek justice. If we don’t collect anything, then no money is owed. The firm will then delegate a lead plaintive, or in some instances, several lead plaintiffs that will be the primary point of contact for the class. After talking to the members of the proposed class, the firm will then shift its focus to drafting a complaint. This complaint will be filed in the appropriate court that rests in the appropriate jurisdiction. In this case that is yet to be determined. Once the case is filed with the court, the court then agrees that this is a case where a class action is fitting and appropriate. This section is called certifying the class. After a class a certified, then litigation ensues, and it is not much different than most other business litigation matters with depositions and inevitably trial.
Currently, our staff is still very much in the information-gathering phase. We have quite a few zoom calls scheduled with people that have been verified over the course of the next week. We have more people that we anticipate scheduling calls with also over the course of the next week after they are verified. We have delegated the initial verification to the individual that initially sought us out. We ask that everybody be understanding of the fact that there is a very high volume of individuals involved with this case and that streamlining this process is important. That is why we have created the current structure that you see. If you have shown interest in wanting to be a part of this class, we will schedule a zoom call with one of our attorneys or legal staff. We ask for a nominal amount of information in order to show that interest, and there is absolutely no obligation on your part to do anything at all. If you would like, you can feel free to hire another law firm to handle your case either individually or prepare a whole separate class action. It should be noted that on the low end these class actions, can cost several hundred thousand dollars to pursue and most actually are in excess of several million dollars. Our firm is funded, ready, willing, and able to invest these resources for this case. It is very important that if you choose to go with another firm, that you make sure this other firm is also well-funded and able to pursue this case. If you choose to pursue it individually, we will be more than happy to discuss what we know with your attorney should they reach out. All we ask is to let us make it past the initial information-gathering phase before having them contact us. This allows us to get them the most accurate information to date.
Our firm will be establishing a new email for everybody to be contacted within the next week. We will be trying to provide as many detailed explanations as we possibly can without necessarily providing information that disservices the actual cause of action. It is important to note that we have a fiduciary duty to our clients, and to any prospective clients that trust us with privileged information. Because of this, we are very limited with what we can actually share on this discussion post, or with individuals that simply messages on here without any type of verification at all. I hope each of you is understanding and respectful of this. If not, I suggest you wait and watch how things unfold before rendering a decision on whether you want to join us.
At this point, we already have enough people to where our firm believes we can certify a class. We are very eager to watch this unfold and will provide information as it becomes readily available to us. If any questions arise, which I’m sure there will be plenty, please simply email them to [email protected]. Our attorneys will review it and answer them as soon as we are able to.
Firstly, about our firm. Our firm is one of three that are currently involved with this suit. We are the primary firm that was retained and is taking initiative for purposes of moving forward with this action. Our attorneys consist of several very experienced litigators, as well as several very experienced securities attorneys, and numerous other ambitious attorneys and legal staff. Our securities attorneys have had positions as the chief legal officer‘s in fortune 500 companies, while others have held positions that allowed them the opportunity to help companies in their initial public offerings. In doing so our securities attorneys are very well-versed with many questions revolving around the SEC and any other crowdfunding ventures.
It is very important to note that no one attorney is responsible for a case of this magnitude. Cases such as this pose a significant number of legal questions. Each of these questions is typically forwarded to the most appropriate attorney that is experienced in that field. Until now, I have been the primary one that has been discussing the developments with the proposed class of individuals. But most of what I am vocalizing is in fact the conclusions of what our attorneys in each respective area have concluded.
Our firm has attorneys that focus on class actions, plaintiffs' work, defense work, civil litigation, white-collar offenses, business litigation, and international law. We have also had several cases where we have fought diligently to help people gain asylum status in the United States while fleeing from the CCP. We are avid believers and what does the group stands for and hope to show this as our representation grows.
I speak on behalf of everybody at Diamondback Legal, as well as the two other firms working closely with us, in saying that we are eager and excited to work with each of you should you afford us the opportunity.
Secondly, the roadmap. Class actions don’t begin as class actions, typically. Rather, they start as a proposed civil suit initiated by one individual. After a thorough review from the firm, the legal staff will then determine if there are enough people that have suffered similar damages to where it would be more appropriate to have those individuals join in the same cause of action. If the Firm does in fact believe this to be the case, they would go through a phase where are they initially gather as many facts as possible. After doing this they will interview each and every single person that seeks to be a member of this class. The firm would be responsible for making sure that each individual is in fact a qualifying member of the class, and that each individual bears a sufficient amount of proof to establish this. After establishing this, the firm will then request that each qualified individual retain the form for purpose of moving forward. Our firm has decided to take this case on a contingency basis of 10% if it settles before trial and 15% if it concludes after a trial. What this means to you is that our firm is expanding its own resources for purpose of helping you seek justice. If we don’t collect anything, then no money is owed. The firm will then delegate a lead plaintive, or in some instances, several lead plaintiffs that will be the primary point of contact for the class. After talking to the members of the proposed class, the firm will then shift its focus to drafting a complaint. This complaint will be filed in the appropriate court that rests in the appropriate jurisdiction. In this case that is yet to be determined. Once the case is filed with the court, the court then agrees that this is a case where a class action is fitting and appropriate. This section is called certifying the class. After a class a certified, then litigation ensues, and it is not much different than most other business litigation matters with depositions and inevitably trial.
Currently, our staff is still very much in the information-gathering phase. We have quite a few zoom calls scheduled with people that have been verified over the course of the next week. We have more people that we anticipate scheduling calls with also over the course of the next week after they are verified. We have delegated the initial verification to the individual that initially sought us out. We ask that everybody be understanding of the fact that there is a very high volume of individuals involved with this case and that streamlining this process is important. That is why we have created the current structure that you see. If you have shown interest in wanting to be a part of this class, we will schedule a zoom call with one of our attorneys or legal staff. We ask for a nominal amount of information in order to show that interest, and there is absolutely no obligation on your part to do anything at all. If you would like, you can feel free to hire another law firm to handle your case either individually or prepare a whole separate class action. It should be noted that on the low end these class actions, can cost several hundred thousand dollars to pursue and most actually are in excess of several million dollars. Our firm is funded, ready, willing, and able to invest these resources for this case. It is very important that if you choose to go with another firm, that you make sure this other firm is also well-funded and able to pursue this case. If you choose to pursue it individually, we will be more than happy to discuss what we know with your attorney should they reach out. All we ask is to let us make it past the initial information-gathering phase before having them contact us. This allows us to get them the most accurate information to date.
Our firm will be establishing a new email for everybody to be contacted within the next week. We will be trying to provide as many detailed explanations as we possibly can without necessarily providing information that disservices the actual cause of action. It is important to note that we have a fiduciary duty to our clients, and to any prospective clients that trust us with privileged information. Because of this, we are very limited with what we can actually share on this discussion post, or with individuals that simply messages on here without any type of verification at all. I hope each of you is understanding and respectful of this. If not, I suggest you wait and watch how things unfold before rendering a decision on whether you want to join us.
At this point, we already have enough people to where our firm believes we can certify a class. We are very eager to watch this unfold and will provide information as it becomes readily available to us. If any questions arise, which I’m sure there will be plenty, please simply email them to [email protected]. Our attorneys will review it and answer them as soon as we are able to.