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Technology Stocks : AOL, now I get it
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To: Linda Weekley who wrote (351)1/26/1997 1:35:00 AM
From: Todd Daniels   of 496
 
>How will the stock price react on Monday to the report that AOL has
>been given 5 days to respond to the claims/charges against it?
>On the one hand, it makes AOL answer sooner, than later, to the
>assertions, but on the other hand, if they have nothing to say, it
>could be bad news for the stock. I can't decide.

You are referring to the NY State AG. NY has legal requirement
of five days notice before the state AG can bring suit. During
that time the prospective plaintif has five days to respond to
the AG and/or the NY courts why suit should not be brought. The
legal bases for this need not be direct response to prospective
suit.
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