IMPX - When Will the Dead Money Awaken? Message Board

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Technology Stocks : IMPX - When Will the Dead Money Awaken?

IMPX 6.210

+13.3%

Oct 22 3:59 PM EST

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To: Wall Street Jr who wrote (395)	8/19/1998 4:39:00 PM
From: Steve Fischer	Read Replies (1) of 532

I also received the class action info. What a bunch of ambulance chasers. They get 30% of the proposed 9.5M settlement plus expenses (max of 375K I believe) - that's $3.225 MILLION for filing some paperwork. If there ever was a case for tort reform, this is it. It's basically blackmail - cheaper and easier for the company to settle than fight it. While I believe there may be some merit to the case, the settlement is woefully inadequate for the class!!!! Read the notice carefully. They estimate the settlement is worth $0.57 per share BEFORE expenses and fees are deducted. These are estimated to be $0.19, leaving a whopping $0.38 per share!!! That's 38 CENTS. Well, at least it's lunch money, but the lawyers will be buying new houses, Mercedes, and country club memberships with their cut!!

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