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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Apakhabar who wrote (13489)	2/21/2000 9:53:00 PM
From: Brian MacDonald	Respond to of 14266

Not totally familiar with US law, but if I recall in lawsuits of this nature, the legal firms do get their expenses paid (certainly off the top of the settlement if they win and from the 'plaintiff' if the court finds in favour of the defendant). On top of their 'expenses' - which can be substantial - they get a percentage of the settlement - anywhere from 25% to 40% depending on the state the suit was filed in (i.e. what the state law will allow them to charge clients) and, of course, what the plaintiffs will agree to. So, it can be a 'heads they win, tails we lose' situation for the plaintiffs. Before you sign, read the contract thoroughly. Should you lose, you could be owing your friendly lawyers a big sum for 'expenses' money. Just my 2 cents and I certainly could be wrong. Brian

To: Apakhabar who wrote (13489)	2/21/2000 10:05:00 PM
From: Sigmund	Respond to of 14266

<<< Wouldn't the stock simply be "put" to the sellers of the contract? <<< That is what I thought hence my question. The expiration date of options is not Friday. I thought it was Saturday and someone posted a date that seemed to be Sunday. I thought there was no trading of options on Saturday just delivery of shares. But I asked the question because of the strange timing of the announcement of the lawsuit..Saturday. Probably just a coincidence and related to today being a Holiday but I thought I should raise the question. Brian, I don't know about the lead plaintiff but others do not have to sign. You can opt out and that takes an action but staying in requires nothing and is at no risk to the shareholders. I was surprised to see that only those who bought during the period participate in this suit. That is a bit unusual. Those who bought could make out quite well getting part of their loss paid for and then if the stock moves up getting all of their money back or making a profit. I think there is a good chance these lawsuits may get withdrawn or thrownout. They seem to be based on a legal theory that THQI can not communicate with the analysts covering the stock. I think all the rest is BS. If the earnings announcement and CC are handled correctly, IMO the lawsuits evaporate. Of course Farrell may throw in the towel and pander to the plaintiffs. That would be sad.