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Non-Tech : Class Action Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: LPasko who wrote (3)	12/31/1997 7:40:00 PM
From: Vijay Raghavan	Read Replies (1) \| Respond to of 9

Hi ,This is not Class Action related, But I am curious about your opinion in this matter. I recently had a miserable experience with DLJDirect and this is what happened: A few days back, I transfered all my stocks from one of my old accounts with DLJ to a new account (again with DLJ), at their suggestion. After doing the transfer they gave me a heart attack saying that I have a margin call for over $100,000 , even though the old account did not have any margin call. After many rounds of voice and email arguments and reversing the transfer, they agreed that they had an 'operational error' . What they claimed was, they have transfered over $100,000 in debt by using a wrong account number.. I was appalled to hear that. NET RESULT WAS ACCOUNT WAS UNUSABLE FOR ALMOST 2 WEEKS. I think that there is something going on beyond the so called 'operational error' since it was more than $100,000. My questions is: is it worthwhile to take it to SEC? (I have their email and recorded message where they agreed it is their 'operational error') . It is difficult for me to believe it is an operational error considering it is more than $100,000.

To: LPasko who wrote (3)	3/1/1998 5:18:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 9

Hi LPasko, I'd like to invite you over to the ACTM thread here on SI where we've just learned that a class action lawsuit was filed against management. I'm feeling a bit bewildered since I've never been through a class action before and don't know what to expect. I'm sure I'm not alone. I do worry that the suit will accomplish nothing significant for investors, and may be detrimental because it may: - negatively impact the share price, - cause concern among (or loss of) customers, - distract management & disrupt operations. What do you think? How does a company's share price react when a class action suit is announced? I won't fill you in on the ACTM suit here as there should be plenty to review on that thread. In particular, please have a look at my posts: Message 3243776 Message 3530407 Message 3530440 Message 3561814 Message 3561890 Thanks, Rob