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Stocks in a class action window
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them?
It's not a large amount of money at stake here, but it'd also be nice to be able to recoup some of the losses I had due to the misleading information that caused me to buy the stock and ive filled out the forms but they didnt say anything about future actions just asked when i bought or sold any at the time of the suit. I am not sure if it's okay to sell them or if I should hold them.
Any one have recommendations? This is US stock exchange, and if I did sell they'd be at a loss and I have sold other stocks at profit so I would be looking at capturing the losses on my taxes.
the default advice for any kind of legal question on the internet is 'talk to a lawyer'. I would recommend reaching out to the firm that is handling the class to see what they advise
Absolutely, I did do that just worried I'm going to get ignored as I'm such a small investor compared to these institutional investors and such. So just wasn't sure if someone else had some basic insight. I also just realized the original class was a different time window so there are two classes and I'm involved in both.