SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line: will it survive ...?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: (Bob) Zumbrunnen who wrote (1323)2/1/1997 10:29:00 PM
From: LordDarley   of 13594
 
As a practical matter, yes they can't (do anything).

The club for most of these private suits was the consumer protection statute in each state. All of these statutes are different, but the common thread is that if there is fraud, multiple damages plus attorneys' fees are collectible. The effect of the ag settlements, in most states, will make recovery under these statutes either unlikely or legally impossible.

That means that the only recovery for those who press on is actual damages (without multiple recovery) and no attorneys' fees.

Do you think that attorneys (who will have to try these things one state at a time, because there is no breach of federal law) will press hard when they will only have a shot at single damages? Not hardly.

Bears, this was brilliant brinksmanship. You blinked.

Regards,
LordDarley
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News