Hi larry - to be clear, generally I think many of these suits are fivolous. But you are right, the cost to mount a defense probably will be absorbed by the co, unless there is a way to countersue [I ve not heard that is possible in class action suits though.] I think FRX did reclaim its cost from ABT [?] but it is not class action stuff
CSCO vs NT. CSCO has been guiding down its estimates with ambiguous language. OTOH, NT was still bullish 5 weeks before the bomb. As I ve said that to Ken and others, legally, maybe it is defensible, but the ambulance chasers [I don't mean you, Ken <g>] have a better case. Ultimately, if the insurance cos [& NT] figure it is cheaper to settle out of court, it is the cost of doing business, I guess
best, Bosco |
