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Pastimes : Class Action Lawsuits - Stocks

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To: jjetstream who wrote (9)	7/2/2001 6:09:27 PM
From: RockyBalboa	of 10

Understandable....lawyers get 33 1/3%, so they earn on each member of the class... motivation is high to get as many people in the boat as possible... but to repeat: The worst lawsuits are the "tie-in" lawsuits, because they serve no purpose and are on very loose grounds. A tie-in is nothing else but a sold call by the underwriter (at the IPo price) and a sold put where the seller is the call buyer. Lawyers should wake up. They could endanger the whole options market. As a result it is totally clear the the underwriter wants to sell the call expensive, so have a low strike price in comparison to the fair market value.

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