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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: jrhana who wrote (72529)9/23/2009 12:33:41 PM
From: MJ1 Recommendation  Read Replies (1) of 224748
 
What you describe applies also in the stock market-------class actions are filed by the lawyers and their firms. They employ a number of lawyers to file class actions in the millions of dollars.

Usually the class actions bundle a number of companies into the class actions. Expensive printed packages mailed out to stockholders who may or may not have losses to get them to file.

Who profits? Need I say---------the law firms who justify their existence with class actions.

Several years ago I literally received a $2.00 check in a class action in a class action I didn't file papers for---it was American Express.

Another one that has now come up is a lawsuit based on purchases of the late 1990's. These lawyers are really getting desperate when they go back 10 years to file class actions------------some of those claimants are likely even dead by now.

Thanks for your perspective----sure helps.

mj
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