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

To: E. Graphs who wrote (48345)	2/20/1998 1:35:00 PM
From: Brendan2012	Respond to of 58324

It seems to me like the lawyers should have evidence before starting one of these cases. Is there really any evidence here? I sure haven't heard of any. Brendan

To: E. Graphs who wrote (48345)	2/20/1998 1:41:00 PM
From: KM	Read Replies (3) \| Respond to of 58324

E: I would expect that the company has some sort of D&O insurance policy to use in defending the CEO and other management types. What do I personally expect to get? Nothing, I haven't joined a class. Actually, I'm considering filing my own suit personally. I think the claims have considerable merit.

To: E. Graphs who wrote (48345)	2/20/1998 1:45:00 PM
From: Robert Skinner	Read Replies (2) \| Respond to of 58324

For the record: Backing up the truck and loading up on IOM: I'm going into this willing to adverage down from here. I put in orders with a limit of 8 5/8. So far there just sitting there. Bid 8 5/8 asking 8 11/16. Volume 2,711,100. I was up early today for market open. So think ill go get a nap. Best to all Bob

To: E. Graphs who wrote (48345)	2/20/1998 10:13:00 PM
From: Lurker	Respond to of 58324

<<Well, I guess you must be right. These guys wouldn't waste their time on loser cases. After all, loser cases don't pay. >> Here are the 7 cases they started in January alone: CORPORATION EXCHANGE: SYMBOL CLASS PERIOD Adaptec, Inc. (NASDAQ:ADPT) 4/29/97-1/8/98 Digital Lightwave, Inc. (NASDAQ:DIGL) 7/17/97-1/22/98 Iomega Corp. (NYSE:IOM) 9/22/97-1/22/98 Philip Services Corp. (NYSE:PHV) 5/21/97-1/26/98 Rainforest Cafe, Inc. (NASDAQ:RAIN) 10/20/97-1/6/98 Sybase, Inc. (NASDAQ:SYBS) 4/18/97-1/21/98 Versant Object Technology (NASDAQ:VSNT) 4/28/97-1/13/98 By starting (7 x 12 = 84) cases per year they can make a good living. <<Just wondering. For example, what do you yourself expect to get? >> In the last Iomega case, the law firm got $272,000 and the plaintiffs got a $3.00 gift certificate. You can buy a nice Happy Meal at McDonalds with those big bucks. <<Also, why should company funds be used to defend the CEO against insider trading charges? That can't be right. He should be on his own there, I should think. Any thoughts on this?>> Implicit in any deal that involves compensation with stock is the receivers right to sell the stock and get money for it. The company needs to defend this right or it will be unable to offer stock as compensation. Mike