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

To: Cameron Dorey who wrote (47418)	2/10/1998 3:34:00 PM
From: Ron Flanigan	Respond to of 58324

Cameron: I have been taking lawyer jokes for 36 years and enjoy them as much as anyone. What my observation has been is that lots of people do not like lawyers except when it comes to their personal lawyer and in that circumstance their lawyer is the best thing since sliced bread - chopped chicken liver - grits- and strawberry short cake. To file a class action you have to have one client who is the plaintiff. You then say to the Court that you believe there are many people in the plaintiff's circumstance who would like to be a party to the proposed class action. In Michigan (I can't speak for the other 49 states) the Judge would then conduct a hearing to determine whether or not your case would be the type that should be a class action. If the Judge says yes then he/she certifies the case as a class action and the plaintiff's attorney notifies all parties who might be interested in becoming a plaintiff. If you receive a notice it will permit you to join or opt out as you see fit. The persons who would be eligible would be those holders of IOM during the dates specified in the notice. There is always the possibility that a Judge may conclude that the claim does not constitute a class action. In this particular case I have no idea what a Judge would do as I am not privy to the information they claim violates the law and for which they seek liability. Based on where IOM has gone today I would call it a knee jerk reaction. The king sneezes and we get the cold. My rule is simple - I have already been to hell and back - so if Iom falls flat on its face and must pay lots of money to wronged shareholders so be it. It hopefully will be the result of the application of justice to the facts. I do not think any lawyer would file a case against a company of Iomega's stature with the thought in mind that Iomega will enter a nuisance settlement to make the case go away. The so-called nuisance settlements are something from the pipe dreams of the insurance industry. Ron P.S. I cannot understand why you are telling lawyer jokes when Clinton is such a better target and he gives us something new just about each and everyday. I am still laughing over his not inhaling. I mean, I believe. It is like the guy in Stalig 17 who has been there for two years and says "what does she mean I wont believe?" She was pregnant and he was the father! Like I said, there is so much out there for brother Bill. My wife says they don't call him Slick Willy for nothing.