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Technology Stocks : Ciena (CIEN)
CIEN 229.88-0.9%Jan 22 4:00 PM EST
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To: gdichaz who wrote (4466)10/20/1998 3:08:00 PM
From: Doughboy  Read Replies (1) of 12623
 
Chaz, There's a difference. Shareholders cannot sue a third party on behalf of their company. Ciena management is the only representative of Ciena. So a class action against AT&T or Lucent would get nowhere. A shareholder can, however, sue himself, i.e. the company that he owns shares in. Not a smart move, though; the only person that benefits in the end is the lawyer.

Doughboy.
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