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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: John J H Kim who wrote (4727)12/22/1997 7:22:00 PM
From: seth thomas  Respond to of 19080
 
In a class action suit, all members of the class are automatically included. In this case, the class is someone who had a transaction in the stock during a defined period of time.

SO, you don't need to jump in. What it may mean is that the law firm is trying to build a more "impressive" case by having more people listed on the initial briefs.

Personally, I find these law suits extremely distasteful. Stocks go up, they go down. Investors take risks. IF the stock goes way up, do the lawyers give money back to the company?

Incidentally, I don't know what you do for a living, but if it is all connected with the tech industry, and someone notices your name on the suit, and makes the connection, forget about your career opportunity with that person. No one likes to hire and/or promote someone who is known to become involved with lawsuits.



To: John J H Kim who wrote (4727)12/23/1997 6:43:00 AM
From: Kevin Yang  Read Replies (1) | Respond to of 19080
 
I was involved in such law suits a couple of times, both with much more legitimate reasons than the current ORCL suit. (Remember Media Vision???) Received lots of impressive paperwork. They send these to you automatically as long as you bought stocks during the specified law suit period. The lawers won quite a few millions for themselves. And of course, we investors got zip..

ORCL is a good long term stock. Just hang on.

Regards,
Kev