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.
Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (1952)7/22/2003 6:34:19 PM
From: CountofMoneyCristo  Read Replies (3) of 3143
 
There are certainly losses I'll prove in due course.

It is pointless to sue someone in civil court if there are no damages.

Not exactly, though, Grace. The 17200 claims mean that the defendants, whether or not any damages whatsoever are proved, have to give up all of their ill-gotten gains if a deceptive trade practice is proved. That's worth some several hundred million dollars in this case. It's a very strong deterrent against fraud.
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