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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.68+5.0%4:00 PM EST
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To: d:oug who wrote (70572)5/29/2001 5:12:20 AM
From: Alex  Read Replies (1) of 116753
 
WALL STREET banks are facing an avalanche of expensive litigation, with as many as 100 class-action lawsuits, demanding tens of billions of dollars in damages. The banks are being accused by investors of allegedly rigging the flotations of Internet companies during the dot-com boom of the late 1990s.
An investigation by The Times has found that 21 separate lawsuits have already been filed against ten different banks in Manhattan federal courts.

thetimes.co.uk
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