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To: Hamid MArandi who wrote (7680)11/10/1997 9:13:00 PM
From: mph  Respond to of 14577
 
If you're a lead plaintiff, it means that you will actually be involved in the prosecution of the suit. I assume that the lawyers look for the most "representative" plaintiffs to fill this role. As much as I hate to admit it, the only people who really make out in these cases are the class lawyers. You can, however, "opt out" of the class and pursue your own remedies. There's a nightmare scenario.

The bottom line is that the lawsuit(s) will yield nothing of any value to the shareholders in terms of compensation. They may, however, focus enough attention of the failings of current management to effect a change on that score. Unfortunately, effecting the change in such a public way only hurts in the short to intermediate term. On a longer term horizon one would think that axing the current group and replacing them with well-respected managers (assuming such are willing to jump into the quagmire) would be a major PLUS. All IMHO, of course.
mph



To: Hamid MArandi who wrote (7680)11/11/1997 11:37:00 AM
From: Hamid MArandi  Read Replies (1) | Respond to of 14577
 
To: +Tom Terf (7579 )
From: +Hamid MArandi
Monday, Nov 10 1997 12:21PM EST
Reply #7680 of 7734

Could you explain what exactly they are asking us to do?
Right now they are 4 different class action law suit, what do we suppose to do call all
this people?

If you are a member of the Class described above, you may, no later than 60 days
from today, move the Court
to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead
plaintiff, however, you must
meet certain legal requirements. If you wish to discuss this action or have any questions
concerning this notice
or your rights or interests, please contact plaintiff's counsel, Robert M. Roseman at
Spector & Roseman,
collect at 215-864-2400 or via e-mail at spro@voicenet.com