Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.61

+1.5%

3:10 PM EST

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To: Larry Myers who wrote (27787)	12/12/1997 6:41:00 PM
From: Gary Korn	Read Replies (1) of 61433

This story has been public since 12/2/97 and poses no threat to Ascend. It is just a nuisance suit common to all tech companies. Insurance usually covers such matters if they have any merit and usually such "crybaby suits" lack merit. Larry, This is a second class action. As they are filed in different districts courts, I'm guessing the later filed action will get moved to and consolidated with the first. Anyway, you are right, D&O insurance ought to kick in. Shareholders get nothing out of these, but the attorneys on both sides do quite well (I co-defended one a year or two ago, but we were just local counsel and had minimal involvement). Gary Korn Gary Korn

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