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Gold/Mining/Energy : Silver prices

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To: Stephen O who wrote (1409)	11/17/1998 12:06:00 PM
From: AurumRabosa	Read Replies (1) of 8010

What I've seen in the past is that the lawyers go after the deep pockets, i.e. the accountants, lawyers, and insurance companies that made "errors & omissions." Many professionals that might find themselves in this position carry O&E insurance policies which could pay off as well. I think the problem is that investors don't know they have recourse and that they may be able to recover money from sources they hadn't thought of before and worse yet, getting a lawyer to take the case on contingency which means convincing the lawyers they'll make money on the case. Problem I've had is that these cases drag out for years and the common stockholder is last in line when they divy up any award. On the surface it may look like they raped and pillaged the company treasury so badly there's not even enough left to pay the last phone bill, but, what about their personal assets derived from their exorbitant salaries and expense accounts? Second homes (maybe on the Cayman Islands), luxury cars, stock in other companies, etc.

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