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?

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1 Lawyer Answer
Zaven Andranik Sargsian
Zaven Andranik Sargsian
Answered
  • 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).

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