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Technology Stocks : Compaq
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To: STOCKaHOLIC who wrote (24698)4/21/1998 11:16:00 PM
From: Night Writer  Read Replies (1) of 97611
 
Phil,
Some of these law firms watch stocks for a sudden drop in price. They then review the company actions afterward. They look for an unhappy investor along the way. If there is any basis for a suit they file it. Then they go looking for more unhappy investors. Many of the suits are settled by a D&O insurance carrier to avoid large legal expenses. If the case goes to court, many times the investors get a very small award after legal expenses. .005 to .01 cent a share. Oh on the insurance, a company like Compaq would have a large deductible, a layer of coverage and then be self insured. That is if they have insurance. In the mean time they will have to establish a reserve on their balance sheet to cover potential damages. Hope Compaq fights this one hard and wins.
NW
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