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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (136879)	1/12/2002 5:07:39 PM
From: Glenn D. Rudolph	Respond to of 164684

What has also been interesting about the case is how muted Amazon's response has been. If the suit were totally without merit, simply unmitigated harassment by money-grubbing bondholders, wouldn't Amazon have moved to dismiss the case by now? Of course, a lot of public companies settle class-action securities lawsuits to cut their legal fees and eliminate the distraction. But most often those battles are shareholder lawsuits, to which Amazon is also party and which we will address in a moment. As we first reported in this column last spring ("Revenge of the Amazon.com Bondholders," May 14, 2001), this lawsuit was a different animal largely because the plaintiffs were suing for "negligence" as opposed to "fraud." That means that the burden of proof is lower for the bondholders' lawyers. interactive.wsj.com