Anavex Life Sciences Corp (AVXL)

[Investor2014]

Typically the lead plaintiff represents the class through size of ownership and thus allocation of damages likely having held shares throughout the class period.

Any additional compensation for representing the class would typically be minimal compared to the share of damages awarded.

I doubt the often, as preferred by the PSLRA, professional LP sees any additional compensation for acting on behalf of the class as an incentive.

Besides this largely irrelevant detail was of course not the point of my clarification of the original incorrect claim by the poster.

When we are at irrelevant side points, the lawyers are paid first on average some 23% of the settlement amount. Can seem a lot and often is out of proportion to the work performed, but they earn nothing from 60% or so dismissed cases putting in similar effort in the hope of winning LP and settlement.