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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (39073)	3/20/2008 11:13:25 AM
From: Art Bechhoefer	Respond to of 60323

There is a New York statute that holds brokers and investment firms responsible for manipulating the price of a stock. Another more well known statute, called the Martin Act, provides that a NY prosecutor can bring criminal charges against firms that manipulate securities prices. This latter act was used often by former Gov. Eliot Spitzer, when he was Atty. General, to prosecute investment firms. One of the problems in pursuing any lawsuit, based on either of the above statutes, is that it is difficult to find qualified law firms in NY who don't have a conflict of interest by reason of having done business with JP Morgan. They would rather have Morgan for a client. Nor would I count on any help from federal prosecutors, notwithstanding the questionable recommendations allegedly made by Morgan. Art