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To: H James Morris who wrote (129633)8/4/2001 9:57:32 AM
From: Bob Kim  Read Replies (2) | Respond to of 164684
 
HJ, re: But The Wall Street Journal reported Friday that some legal specialists doubt
such litigation poses a huge threat to the securities firms' financial health.


At least in Merrill's case, it would be my opinion that it could be costly to keep settling cases to avoid civil discovery. There is some kind of legal risk management strategy at play. I think the cases involving ICGE will be interesting.



To: H James Morris who wrote (129633)8/4/2001 8:42:06 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 164684
 
>>Investors should be cautious, experts say, given the difficulties of the
cases, as well as the limited potential damages and settlements that are likely
to be small.

-Susan Willetts; Dow Jones Newswires; 201-938-5388<<

i didn't know dow jones newswire was supposed to give advice to potential litigants. wtf is that? give the news, not some half baked attempt to protect security firms. does dow jones own an interest in some security firms that hyped the bs?

susam sounds like a hack for the securities firms.