Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Fred Puppet who wrote (10983)	2/11/1999 5:27:00 PM
From: Fred Puppet	Read Replies (1) of 16892

*** ETrade customer files lawsuit over crashes SAN JOSE, Calif. (Bloomberg) - An ETrade Group Inc. customer is suing the No. 3 online brokerage seeking damages for lost financial opportunities after the company's trading system crashed four times last week. The lawsuit filed by Coleen Divito in Santa Clara County Superior Court in California seeks class-action status for all customers affected by the crash of the system, which occurred last week over a period of three days. E*Trade said its system's trading page failed after the company installed a new software program Feb. 2. The trading system went down twice on Feb. 3 and once on each of the next two days, including one time for almost three hours. "As a result of this virtual lockout, class members lost potentially millions of dollars," the suit said. ###

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