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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (50819)	2/9/2013 11:40:50 AM
From: Spekulatius	Read Replies (1) of 78744

I purchased just a few shares of MHP at 42.5$ on friday as the price hit my first limit order. I agree that there is a good deal of uncertainty about the legal exposure for damages. My belief is that the case against S&P is weak. Those emails that have been circulated (let's hope we are retired... etc.) were already known in 2009/2010 and are not specific enough imo. The other thing that has not been discussed, is the statute of limitation, which means that times runs out to make a claim . It depends on the claim and the state and is 6 years for some claims but for example 4 years for breach of contract in CA. We are now 4-5 years after the financial crisis, which means that the statute of limitations, will limit the pool of claims. In fact I believe, for most paper that has been rated and went bad, the time has already run out. The government has may have started this lawsuit to make a last ditch effort to get anything. nolo.com courts.ca.gov Just my opinion. I am not a legal expert.

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