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Biotech / Medical : Respironics
RESP 50.79+0.2%Jan 26 4:00 PM EST
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To: Thean who wrote (76)4/4/1998 6:10:00 PM
From: Sam Citron   of 103
 
Thean,

It might be nice for a buying opp, but I don't see much chance of class action possibility unless there has been an unusual amount of insider sales in the last 30 days or so. A strong class action suit would normally allege that management made material statements which MISREPRESENTED their sales IN ORDER TO profit from insider sales. While I haven't dissected all public announcements by the company over this period and don't yet know about any insider sales, I have enough familiarity with management to strongly doubt that they ever did or would do such a thing. Of course, this may not deter a strike suit attempt, but it is easy to get these suits dismissed on summary judgment if the facts aren't there.

I see the probability of such a suit as being less than 10%.

SC
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