The Class Certification of Exchange-Listed Options in Securities Class-Action Litigation

Authors

Don M. Chance, Louisiana State UniversityFollow
Onnig H. Dombalagian, Tulane University Law SchoolFollow
Steven Feinstein, Babson CollegeFollow

First Page

71

Publication Date

Spring 2025

Document Type

Article

Abstract

Class-action litigation for fraud on the market typically focuses on purchasers and sellers of stock. Yet those that bought and sold options on the shares can likewise be harmed. Drawing from experience in In re Apple, Inc. Securities Litigation (N.D. Cal. 2022), the authors describe the issues related to including options traders in a certified class. This article explains how to overcome the obstacles to certifying an investor class that includes buyers and sellers of options

Repository Citation

Don M. Chance, Onnig H. Dombalagian, and Steven Feinstein, The Class Certification of Exchange-Listed Options in Securities Class-Action Litigation, 27 U. Pa. J. Bus. L. 71 (2025).
Available at: https://scholarship.law.upenn.edu/jbl/vol27/iss1/2