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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Michael Coley who wrote (47369)	2/9/1998 9:40:00 PM
From: slipnsip	Read Replies (1) \| Respond to of 58324

"If he's truly conservative, he would know that insurance (except with high deductibles and high limits to cover the catastrophic possibilities) is usually a waste of money." I agree, KE surly understands actuarial tables. But you can plan on an insurance expense for future legal expenses. Tough to plan on it quarter by quarter trying to guess which one the trouble would hit in. I disagree that most truly conservative people would not insure. I do agree however that if you have the funds to self insure, you usually will come out ahead. It has been my experience that the market usually shrugs off shareholder lawsuits of this nature as they are completely transparent as to the intentions and agendas of those law firms that file.

To: Michael Coley who wrote (47369)	2/10/1998 2:13:00 AM
From: Lurker	Respond to of 58324

<<Actually, if they do as good of a job settling this one as they did the previous class action lawsuits, I won't complain. From what I understand, the "winners" in the class action lawsuit received $3 coupons to be used towards Iomega purchases.>> Also, the lawyers got $237,000. I bet those complaintents feel real stupid. A friend of one of my clients got his notice of the award. I laughed myself silly when I read it. He was pretty disgusted. Is there any way we can find out who the stockholders are (who are suing)?