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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: luther yow who wrote (1030)	12/11/1999 12:34:00 PM
From: Lynn	Respond to of 3770

You, Luther, are obviously an investor of some experience and knowledge: > I for one would never participate in a suit so that is one shareholder less for them. Think of all the newbie, totally naive investors out there who, already crying that a stock they bought in the past is now much, much lower start jumping for joy when they see that their shares were purchased during the time period mentioned in a class action suit. So brainwashed by the amounts they hear are awarded in suits in general today, they are blindly convinced, without even reading the brief [?--I am not a lawyer] or considering what evidence the company has to defend itself, that they are going to get back most of the money they lost, real or paper loss. All they can think is, "I want my money back." These legal firms that "represent" the shareholders do not, like (ethical) lawyers who represent individuals inform their clients the finances involved so the client can then decide if its worth pursuing a matter. Firms that handle class action suits against corporations do _not_ tell the shareholders: Suing X corporation is going to cost anywhere between $x and $y. Assuming we win, the award could be anywhere between a low of $a and high, $b but the amount to be distributed between members of the suit will be $m [nothing] and $n. If information like this was given to people, a whole lot less class action suits would be brought against corporations by shareholders. Lynn