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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Palau who wrote (648907)10/20/2004 10:42:53 PM
From: PROLIFE  Read Replies (1) | Respond to of 769670
 
ROTFLMAO!!!!!!!!!!

HERE IS THE DAMNED KEY!!!!

Yesterday, San Diego shareholder litigator William S. Lerach announced he was taking the first step in a shareholder lawsuit against Sinclair.

Lerach said that three members of the Smith family that controls Sinclair sold their shares for more than $18.5 million when the stock was near its 52-week high of $15.50.

He contends they could tell then that Sinclair's business was faltering and were taking advantage of their insider knowledge. Since then, the price of Sinclair shares have fallen by more than 50 percent.

"At a time when the company is experiencing troubles," Lerach said, "the board and officers should be focused on creating shareholder value – not pressing a controversial personal political agenda at shareholders' expense."

Lerach, who was a key fund-raiser for former President Clinton, denied that the lawsuit was politically motivated.