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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%3:59 PM EST
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To: Glenn D. Rudolph who wrote (111470)10/30/2000 9:11:55 AM
From: E Rosen  Read Replies (1) of 164684
 
Class Action Suits?

There is a very damaging article in this week's Barrons, documenting misrepresentation of equity stakes in other dot coms as cash holdings. Assertions that payments from partners were in cash rather than stock also came from Morgan Stanley (their underwriter) during the quiet period, right before their huge eurobond funding. And they failed to account for huge drops in the valuations of those holdings.

Do you think there will now be class action suits? Will they be forced to restate? What will the SEC do?
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