SI
SI
discoversearch

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 : Ask Jeeves,Inc-(Nasdaq-ASKJ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: StockDung who wrote (511)8/30/2002 10:15:11 AM
From: rrufff  Read Replies (1) of 838
 
Old news again and pretty much immaterial to the revamped company and its business plan. But while you're singing the praises of lawyers and class actions, surely with your background you realize that

Class actions are basically run as boilerplate operations, generating legal fees until the point is reached that maximizes legal fees for the least amount of work (i.e. highest effective hourly rate) with shareholders rarely getting more than a few pennies. The negative PR by spamsters essentially does cause the price per share to be reduced by more than what shareholders ever see.

Further OT, I certainly would agree that class action area needs to be revamped to really help shareholders. There is plenty of fraud and scummy promoters around. (I disagree that ASKJ is in that category.) What is needed is for statutes and regulations to encourage non-cookie cutter approach as well as prohibitions on huge fees without real meaningful results, among other things.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News