Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 14.65

-0.5%

3:02 PM EST

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To: Bargain Hunter who wrote (938)	1/23/1998 5:29:00 PM
From: The Philosopher	of 5944

<<What we need is to make it harder for the lawyers to get a suit designated as a class action suit. If we could organize early in the process and impress upon the court that the supposed victims do not wish to be further victimized by attorneys seeking to help them, perhaps fewer of these suits would ever become class actions.>> Perhaps with so much Adaptec stock being held by institutional shareholders, who are presumably able to bring their own suits if they want to, they could be persuaded to opt out of the suit, and if a few regular shareholders also opt out, the class wouldn't be large enough to certify? Do you know in what court the action was filed? I'm not eligible to be in the class, since I was selling, not buying, during the pertinent period, but I would like to see the suit go away. (Though readers of this board will notice that I predicted it early on. Not a hard prediction!)

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