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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: stock talk who wrote (7550)11/7/1997 2:27:00 PM
From: mph  Read Replies (1) of 14577
 
Hi FrankTalk:
I don't know much about these particular kinds of shareholder lawsuits, so take the following observation with a grain of salt--in other settings, where it is learned that a highly placed officer or even an employee actually engaged in fraud or misconduct, the failure to terminate that person can be considered a ratification of his/her misconduct on the part of the employer. Of course, since these guys were officers, it is probably a strict liability situation for SIII anyway. It will be interesting to see how this plays out. mph
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