Walnut Creek, CA asked in Securities Law for Illinois

Q: If a judge does not dismiss a shareholder class action, ie Prime Group Realty , does that mean it willl go to trial?

Related Topics:
1 Lawyer Answer
Zaven Andranik Sargsian
Zaven Andranik Sargsian
  • Securities Law Lawyer
  • Salt Lake City, UT

A: Assuming that the request to dismiss was made by way of a motion to dismiss, the answer is no. Federal law, and even Utah law for instance, allows a party to move to dismiss a lawsuit. If the judge denies the party's motion to dismiss, however, it doesn't necessarily mean that the case will make it to trial. There are other reasons why a case might not make it to trial, including settlement, failure to obtain class certification (and the considerations such a failure would raise), and motion for summary judgment. I should note that if you are involved in this lawsuit, you should probably contact an attorney in your state (or a Utah attorney licensed in your state).

Please note that the above is legal information and not legal advice, which is the application of law to an individual’s specific circumstances. In addition, the information does not constitute, nor does it create, an attorney-client relationship.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.