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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?

To: Andreas who wrote (513)	12/11/1997 11:53:00 PM
From: Gene J. Abel	Respond to of 2068

Obviously you have alot of anger regarding OXHP. My main point is if you want to bring the company to its knees that's fine but, all these lawsuits will add up to nothing but lawyers fees; after any distribution. More importantly bringing the company down will not get you your money back. OXHP in chapter 11 will pay absolutely nothing to plantiffs simply because they will have nothing. My experience is that you must sue the deep pockets to get any chance of a payoff; and if you believe OXHP is a shell with nothing to pay out to stay in business where will they get the money to settle your lawsuit.

To: Andreas who wrote (513)	12/12/1997 11:37:00 AM
From: Thomas Haegin	Respond to of 2068

Re. Info gathering Andreas, << info gathering measures are being implemented... >> I would be most interested in what you will learn in the coming days and weeks in this regard. Thanks very much, Thomas

To: Andreas who wrote (513)	12/12/1997 1:55:00 PM
From: John A. Stoops	Respond to of 2068

Andreas, You are right on the mark. We can only hope for a buy out. I hope the legal system works. John

To: Andreas who wrote (513)	12/12/1997 2:50:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 2068

<<Too many people got burned for one reason and one reason only - they were lied to.>> This is happening again and again. Perhaps a Securities Act of 1998 to rectify a practice of insider manipulation and fraud that has found its way around existing rules? Green Tree's presidient just resigned. I'm starting to wonder if insurance and finance companies have inherently too little regulation of their accounting procedures - a flaw that has been exposed by a rabid Wall Street? Mike

To: Andreas who wrote (513)	12/12/1997 4:36:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 2068

Shareholders may and do lose all their money because of incompetent mgmt, and this company may be no exception. However, I have never seen one case where the shareholder litigation and related settlement ever drove a company into bankruptcy. That is because these things are settled for pennies on the dollar. The lawyers, by and large, have no interest in their clients, who are largely incidental to their generating money for themselves. The lawyers probability of getting paid at all and the amount they will get could be materially affected if a settlement were to drive a company under. I believe that their fees would rank as just a claim and behind the bankruptcy lawyers fees - especially if the company had no effective insurance coverage.