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

To: Brendan2012 who wrote (48333)	2/20/1998 1:05:00 PM
From: KM	Read Replies (4) \| Respond to of 58324

Brendan: Very simply, because they are not "loser" law firms and the suits are not frivolous. The courts have a method for sanctioning parties who institute frivolous litigation - it's called Rule 11 - and the penalties can be severe. I would venture to guess that none of these law firms would file any suit which would subject them to Rule 11 sanctions. They no doubt have vigorous due diligence policies and their management committees probably have final oversight. It has been my observation that in the case of a "judgment" call, most reputable firms choose to be conservative and reject a case.

To: Brendan2012 who wrote (48333)	2/20/1998 1:25:00 PM
From: Ron Flanigan	Read Replies (1) \| Respond to of 58324

"It's safer than the stocks and bonds of Wall Street swindlers" says James Tyrone in "Long Day's Journey Into Night." When Eugene O'Neill wrote that play in 1940 his character talked about land being the safer investment. What I find on this IOM board is an almost blind allegiance (the obligation of a feudal vassal to his liege lord) to IOMEGA. I like their product but that does not mean that I want any hanky pank in the board room. I have worked to hard for my money to be stung by some insider misconduct. In O'Neill's play one character is referred to as a wily Shanty Mick who could hide behind a corkscrew. I have met those kind in my legal practice and they were not all Micks nor were they always in a board room. I have requested the complaint and other documentation in this class action filing and I hope to make my decision based upon a proper review of the information. Your other message indicates that lawyers do not file frivilous law suits and I agree. The sanctions are just too costly. The term frivilous law suit has been dreamed up by the corporate image makers and primarily the insurance industry and the sad thing is that they have the common man believing that hogwash. Ron Flanigan Lexington, MI By The Mighty Lake Huron