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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (62672)	4/14/2007 6:43:26 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 197032

rkral--The NY statutes I cited deal with deceptive practices leading to manipulation of stock prices. That's a bit different from securities fraud. There are two statutes, one of them being the Martin Act. The other is aimed primarily at brokers or others who issue deceptive information that affects market price of the shares. This second law allows any aggrieved citizen to sue. So even if Andrew Cuomo, the current NY Atty. Gen., decides to concentrate on student loan scandals, shareholders can still bring actions, either as individuals or as a class. Though I'm not a lawyer, I am a plaintiff in an action dealing with a large oil company's alleged deception and conflicts of interest in its acquisition of another oil company. I know whereof I speak. Art