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Biotech / Medical : Oxford Health Plan (OXHP)
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To: Andreas who wrote (513)12/12/1997 4:36:00 PM
From: jeffbas  Read Replies (1) of 2068
 
Shareholders may and do lose all their money because of incompetent mgmt, and this company may be no exception. However, I have never seen one case where the shareholder litigation and related settlement ever drove a company into bankruptcy. That is because these things are settled for pennies on the dollar. The lawyers, by and large, have no interest in their clients, who are largely incidental to their generating money for themselves. The lawyers probability of getting paid at all and the amount they will get could be materially affected
if a settlement were to drive a company under. I believe that their fees would rank as just a claim and behind the bankruptcy lawyers fees - especially if the company had no effective insurance coverage.
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