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Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST

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To: deibutfeif who wrote (145004)10/11/2001 7:42:46 AM
From: GVTucker  Read Replies (1) of 186894
 
deibutfeif, RE: Is there no way for a number of companies to file a class action suit against M-W for frivolous lawsuits/blackmail?

Sure there's a way.

Problems: Milberg Weiss' bread and butter is this kind of lawsuit. They'll fight tooth and nail if someone tries this. That means any such action could get very expensive. Even then, winning a frivolous lawsuit judgement isn't all that common, so a company would be rolling the dice to take this approach. If Intel is looking out for its shareholder interest, they shouldn't be rolling the dice.

The interesting thing here is that a piece of this lawsuit is indeed personal in this situation, which would make Intel less willing to settle.
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