a GNN perspective about the GATA/Howe lawsuit
If you just read the gata egroups.com message that
had a description of the lawsuit and discovery phase,
then most likely it was in one ear and outta the other
since most only really want to hear Success Achieved.
But follows was included in that gata message,
and the message was that other persons and things
and places animal vegtebale aliens from Mars
and gold bugs in any state of sad affairs may join this
lawsuit as described in the message.
a.k.a. Party aTime - come one come all and join the hunt
the WELCOME sign is Lighted and Blinking
and as shareholders have a weak hand
all they have to do is join up with the company
and then following the company into battle
as written in the gata message
the rules
governing civil litigation in the federal courts allow other parties
to intervene, either as plaintiffs or defendants, if they have a
right or interest that may be affected by the action.
Plaintiff-
intervenors are not generally permitted in antitrust cases brought by
the government, but they are often allowed in private civil actions
to enforce the antitrust laws.
What is more, a plaintiff-intervenor
may seek in an appropriate case to intervene as a class
representative, and thus to convert the suit to a class action.
gold mining companies themselves have a much stronger
basis for intervention, and shareholders should probably direct their
efforts in this direction.
Other possible plaintiff-intervenors include people who have dealt or
traded in gold during the pendency of the alleged price-fixing
scheme, or those who are paid or compensated under formulas based on
gold prices.
Potential plaintiff-intervenors also have the option of starting
their own legal actions. When brought in federal courts, different
actions in essentially the same matter are frequently consolidated
under special provisions for complex and multi-district litigation.
Many plaintiffs, especially in class-action cases, adopt a quite
proprietary attitude toward their lawsuits and resist intrusion by
plaintiff-intervenors. But my inclination is to look more favorably
on this possibility, particularly if a well-funded party with able
counsel presents itself to the court. |
