Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 247.35

+0.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Kim who wrote (129588)	8/4/2001 12:05:31 AM
From: H James Morris	Read Replies (2) of 164684

>03 Aug 18:10 In July, Merrill Lynch settled an arbitration case brought by Debases Kanjilal, a former client who claimed he was misled by a bullish stock call from analyst Henry Blodget, for $400,000. The settlement was seen as potentially paving the way for similar actions by other disgruntled investors. But The Wall Street Journal reported Friday that some legal specialists doubt such litigation poses a huge threat to the securities firms' financial health. Legal experts say the suits' allegations of fraud could be difficult to prove because the plaintiffs are attempting to use novel legal theories. The suits must prove that the positive recommendations had a significant impact on the stocks' price; the recommendations have traditionally had a small impact. Investors should be cautious, experts say, given the difficulties of the cases, as well as the limited potential damages and settlements that are likely to be small. -Susan Willetts; Dow Jones Newswires; 201-938-5388 (END) DOW JONES NEWS 08-03-01 06:10 PM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next