Class Action Lawsuits Message Board

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Non-Tech : Class Action Lawsuits

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To: LPasko who wrote (3)	3/1/1998 5:18:00 PM
From: Rob Preuss	Read Replies (1) of 9

Hi LPasko, I'd like to invite you over to the ACTM thread here on SI where we've just learned that a class action lawsuit was filed against management. I'm feeling a bit bewildered since I've never been through a class action before and don't know what to expect. I'm sure I'm not alone. I do worry that the suit will accomplish nothing significant for investors, and may be detrimental because it may: - negatively impact the share price, - cause concern among (or loss of) customers, - distract management & disrupt operations. What do you think? How does a company's share price react when a class action suit is announced? I won't fill you in on the ACTM suit here as there should be plenty to review on that thread. In particular, please have a look at my posts: Message 3243776 Message 3530407 Message 3530440 Message 3561814 Message 3561890 Thanks, Rob

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