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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: rrufff who wrote (2108)11/22/2006 2:27:47 AM
From: ravenseye  Read Replies (1) of 5034
 
thanks but the paid bashers don't want to admit what they do but seem rather busy defending the practice (in the court of law).

speaking of law, I'm wondering what your take is on ...
the plaintiffs' lawyers were going to share a lucrative pot of nearly $12 million in legal fees. But not so fast, the judge said. ...

In an extraordinary ruling that came after the settlement had been sent to the court for approval, Arnold ordered the stockholders to appear in court to be interviewed under oath by an independent monitor. Arnold wanted to know how they became plaintiffs in the case. She also wanted to know when the plaintiffs bought Boeing stock and how much they owned.

There were no allegations of inappropriate behavior by the plaintiffs that led to the order. Rather, the judge's suspicions were aroused this summer after one of the plaintiffs' law firms, Milberg Weiss Bershad & Schulman, was indicted on federal charges of paying kickbacks to people to serve as plaintiffs in class-action lawsuits, just weeks before a settlement was proposed in the Boeing case.

...Joel Bernstein, another plaintiff lawyer in the case, said Arnold's order was something he had never witnessed in his more than 30 years representing investors.
Message 23006143
I'm curious to see what the Cook County Circuit Judge Nancy Arnold decides in December.
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