Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: bwdik who wrote (17008)	9/5/2002 12:12:51 AM
From: MAELING	Read Replies (1) of 18998

Have you ever profited from a Class Action? I never have. My understanding is that a typical suit is initiated when a stock, any stock, falls in price. The lawyers run up a huge bill assembling a class and prosecuting the case. Ultimately they establish a trivial corporate wrong. The remedy is an admission that the company won't do it again PLUS legal fees: Company gets hosed - big time waster, big legal bills Shareholders get hosed - no return, no meaningful remedy, the company is worth less than before the suit. Perhaps someone knows more. As I read the Wechsler Harwood complaint, it misses the core issues with the company. It just focuses on shortterm stock pricing.

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