VGNX -- Variagenics, Inc. Message Board

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Biotech / Medical : VGNX -- Variagenics, Inc.

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To: scaram(o)uche who started this subject	12/7/2001 9:40:36 AM
From: nigel bates	Read Replies (1) of 269

NEW YORK--(BUSINESS WIRE)--Dec. 6, 2001--The Plaintiffs' Executive Committee in In re: Initial Public Offering Securities Litigation, 21 MC 92 (SAS) announces that a class action lawsuit was filed on behalf of purchasers of the securities of Variagenics, Inc. (``Variagenics'' or the ``Company'') (NASDAQ: VGNX - news), between July 21, 2000 and December 6, 2000, inclusive. Without wishing to imply anything as to the merits of this particular case, is there such a thing in US law as 'frivolous & vexatious litigation' ? If so, would a class action suit against various firms of lawyers be possible ? Plaintiffs could be just about anyone who invests in publicly quoted companies, or indeed, the companies themselves. Damages claimed could include compensation for increased legal & insurance costs as a result of the potential defendants' unsavoury actions. Any under-occupied lawyers out there ? (unlikely, I know...) nig

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