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Technology Stocks : Merant - MRNT (formerly MIFGY)
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To: Mike Healy who wrote (322)12/7/1998 5:00:00 PM
From: William B. Kohn  Read Replies (2) of 461
 
Mike, I agree that shareholders will have to pay for any judgement and that lawyers will get a portion of that payment. I agree that as a shareholder I stand to lose some value if a suit is brought against my company (which will happen) and if the company loses it will cost the then shareholders even more, BUT and this is key, if the company (companies) custodians are at fault then I feel those dollars paid back to the shareholders will force the company to really consider whether those custodians should be in charge, and if they should, I would hope they would see their bonus's and compensation adjusted to ensure their behavior is not allowed to remain unchallenged.

The suit must be against the companies and not the individuals.

PS They probably have insurance and its the insurance companies who will end up taking the hit.
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