To: Jurgis Bekepuris who wrote (48533 ) 7/1/2012 12:40:27 AM From: Paul Senior 1 Recommendation Respond to On my desk I've got litigation forms to complete for AIG (three -- from different brokerages and accounts), ACAS (two -- one for taxable account and one for ira), CIT Group (one), Ormat Technologies (one). When these litigation forms come in and pile up, it doesn't seem worth the effort to deal with them, and sometimes I just let some or all of them expire. Also I recently received a small check from a Stone Energy litigation which I need to eventually give to my broker for placement back into my IRA where Stone Energy was bought & sold.I believe you have to show you lost money. That is, if you bought or held a stock during the eligibility period and you sold or traded the stock successfully, regardless that the company was crooked or the stock dropped suddenly and you lost some of the gains you had, if your brokerage buys&sells during the litigation eligibility period net out such that you had net gains, not net losses (and so you made money and did not sustain losses), your claim for damages will be denied (i.e. no cash payment for you)
