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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (77451)	8/15/2001 2:46:52 AM
From: NightOwl	Respond to of 93625

Another example of a trader is Zeev Hed. He traded Rambus for both wins and losses. I don't know if a class action settlement would allow profits to people who were on the wrong side of short term trades when, overall, their trades were profitable. Any idea? Not really, I haven't been involved in a shareholder action of this sort, but from what I know about class actions you couldn't have winners and losers in a class damage suit. It would make your suit fraudulent in a very real sense. I assume each class member will have to submit their trading records and that it will somehow be audited/blessed. If it shows you came out ahead I doubt you'd get squat from the kitty. But it will depend on how good a job the court does in certifying the class, with all the various derivatives out there, I wouldn't bet my house on a "profitable" Bus trader not being allowed to recover. 0\|0

To: Bilow who wrote (77451)	8/15/2001 4:44:13 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 93625

No Carl, I will not be part of that class action, two reasons, the first, I don't blame management for the stock crazy ascent nor its current demise. The most important reason is that I am not entitled to be a member of the class, since I did not lose a penny (au contraire) and I cannot bring just those positions in which I had losses without showing the positions where I had gains. By the way, I have been an "unwilling" member of a number of these suits, since once they determine the lead law firm (they typically consolidate these into one suit and the layers fight to be the lead lawyers, and those that were not selected submit their legal bills, that is why you always see a rush of lawsuits like that, once one ambulance chaser decides to go after a company), they contact all those that bought or sold during that period through your broker. If you do not take a specific action to be excluded from the class action suit, you become part of it. Payback experience? Peanuts, rarely more than few pennies on the dollar lost. I am sure I will become soon a member of the class action suit that will be trashing AREM soon. Now, that is a case that will go into the books. Zeev