Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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From: monty`	12/17/2009 4:18:44 PM
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is this it? the class action was the only hope i had for VRS. this statement seems to infer that this is no longer a viable action. management are also named in the suit, but i find it hard to believe that those claims will go anywhere. shareholders got f$cked here, plain and simple. The Sanction Order releases the Company from any "equity claims" as defined under the CCAA, which includes, among other things, claims by current or former shareholders arising from their ownership of the purchase or ownership of their shares, including the action commenced against the Company by certain shareholders in October 2009.

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