InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 79.39

-1.8%

Jan 23 3:59 PM EST

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To: KLP who wrote (26136)	6/22/2001 12:44:09 PM
From: Puck	Read Replies (2) of 28311

Law firms, like investors, act like lemmings. Because one finally decided to file suit, all the other law firms specializing in securities related class actions who had looked into filing suit against Infospace but had decided not to are now filing because they don't want to be left out. If you look at enough class action lawsuit filings against publicly owned companies for this garden variety type of allegation, you will see that there are maybe two or three dozen that are active in this area whose names keep showing up over and over as they vy with each other to be lead counsel. Most of the names filing against Infospace are familiar to me but there are a number of others that haven't yet appeared. My personal favorite is Stull, Stull & Brody because they are usually to quick to file and so prolific. A real class action law firm's class action law firm if ever there were one. Expect these filings to go on for several weeks and then to taper off. Notice that the allegations and even the language all of these lawsuit announcement notices have is the same. I think it must be pretty easy for one firm to piggy back on another firms filing by just mimicking what the first firm says. There appears to be no issue of plagiarism among law firms. Just copy what a competing firm says, make a filing, and your in! I reiterate what I wrote earlier that I have never even heard of a securities related class action lawsuit of this nature ever reach a jury trial although that is where these lawsuits would all end up if a settlements isn't reached. That is the last thing plaintiff's lawyers want because there is a risk that they will come away with nothing if they lose. They always want a settlement to recover their expenses and then have an additional profit of some millions of dollars. Anyone suing Infospace on behalf of former GNET shareholders is targeting the wrong place. It seems to me there may be case that the GNET board of directors got some bad advice.

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