Dana, at present at least 3 class action lawsuits against Tyco have been initiated. This is premature and shouldn't be undertaken until after the SEC releases the results of the nonpublic, informal inquiry.
If it is proven that Tice lied about Tyco just so he and his clients could short the stock and benefit from Tice's handiwork (by way of Tyco's stock tanking) then it will be Tice and his firm who find themselves on the wrong side of a class action lawsuit, plus a slew of other legal difficulties of federal magnitude.
At this point, I fully trust and believe Tyco's management 100% when they tell me as a company shareholder, "we are clean, so rest easy."
They have NUMEROUS CPA folks saying, "Tyco is clean, so rest easy."
They have NUMEROUS analysts, each representing well respected firms, saying "we have examined Tyco's books, Tyco is clean, so buy Tyco and rest easy."
I find it inconceivable that the SEC will report anything other than "Tyco is clean, so rest easy," immediately followed by, "David Tice, we'd like to ask you a few more questions at this time, sir. Please come with us."
Any other outcome will be more shocking than the OJ saga.
Regards,
John in Iceland |
