Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (2077)	5/25/2006 10:54:32 AM
From: StockDung	Read Replies (1) \| Respond to of 2595

BREAKING NEWS. MILBERG SHORTED ELGINDY STOCKS thesanitycheck.com ----------------------------------------------------- Milberg Weiss - The Hits Just Keep on Coming Location: Blogs Bud Burrell - Front and Center Posted by: bburrell 5/24/2006 9:37 AM A source close to the Elgindy matter has verified to my satisfaction that Milberg was closely involved in the Elgindy syndicate well ahead of their first mutual meeting. A Milberg lawyer was an open member of the syndicate and a regular participant on the site for a year before their first suit against an Elgindy target. I have been informed by another impeccable source that the Milberg lawyer were actively shorting companies they planned to target for suits before they were filed, and it was open information within the firm. So where are these charges. The personal trading records of the lawyers at this firm have to be examined by DOJ and the SEC. If this is found to be true by third party finders of fact, those guilty should be severely castigated, charged, tried, convicted and jailed for improper and criminal insider trading. I made a judgment call after the first round on indictments that there would be several more such actions. Looks like that call was not only accurate, but conservative. The big question is when does Lerach get indicted? He is clearly the defendant B mentioned in press releases. Milberg billed/recovered $45 Billion over 41 years. RICO charges suspends the statute of limitations for claims going all the way back to their first actions, if I understand them correctly. That means all of their recoveries, expenses and fees are now in play for litigation by their victims. It is not rocket science that their billing and expense charge sheets should be examined closely for overcharging. I would imagine that 50% of their total recoveries came to them in fees and expenses. If they are stupid and arrogant enough to do what they are alleged to have done, it is not a substantial reach to speculate that they might have tacked on some serious G&A loads to their fees and bills. As usual, I would appreciate any information here. Permalink \| Trackback -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Comments (0) Add Comment -------------------------------------------------------------------------------- Your name: Title: Comment: Your comments are limited to 500 characters. For longer comments, please use our forums. Add Comment Cancel Copyright