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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Linda Kaplan who wrote (2701)3/10/1998 6:38:00 AM
From: Mama Bear  Read Replies (1) | Respond to of 7041
 
>>>I was just emphasizing that they would not go to the cost of researching and filing the case if they didn't feel they HAVE a good case and a good chance of winning, because if they don't win, they
get no fee.<<<

Yes, and usually the plaintiffs' attorneys are the only folks who win a case like this. The shareholders who join will probably get a coupon for a 1/2 price dose of Vasomax per share, and the attorneys will get 1/3 of the dollar value of the coupons in cash (which will probably be at least 6 figures).

Barb



To: Linda Kaplan who wrote (2701)3/10/1998 7:04:00 AM
From: Dauntless  Read Replies (2) | Respond to of 7041
 
Linda, I respectfully disagree,

There are many, many law firms that make it a practice of taking actions such as this - their intent is to get the company to settle in order to avoid the cost of defending themselves & the concurrent loss of focus, etc. I obviously didn't receive a set of the documents but I wouldn't be surprised if, out of any settlement, the lawyers first deduct their expenses (& maybe fees as well) and then split the remainder.

Often this is just dirty business, played by people with "Clintonesque" ethics - i.e. - they don't look at a situation in terms of what is right, but rather, what can they get away with.

Ah well, it will be interesting.