Chromatics Color Sciences International. Inc; CCSI Message Board

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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI

CCSI 29.77

+3.7%

Nov 5 3:59 PM EST

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To: Dale Baker who wrote (5380)	6/18/1999 1:13:00 PM
From: BelowTheCrowd	Read Replies (1) of 5736

Dale, There isn't a company in the world that wants to be subject to the kind of discovery which they would encounter in this kind of case. Basically, they would have to open up their books completely, to a bunch of lawyers who are looking for ANYTHING that could potentially be spun in a negative way. Those people almost always are able to find something and twist it. It gets nasty. It also gets expensive. I know at least one Silicon Valley company which employs 20-30 people in the legal department for the sole purpose of retrieving financial, sales, and other information on behalf of litigants' attorneys. The CFO told me once that the biggest cost of a class-action suit is in complying with the discovery process. It's endless. Smart companies avoid it at all costs. mg

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