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To: Stu who wrote (1590)3/16/1998 8:12:00 PM
From: Herm  Respond to of 2389
 
Stu,

I only know about VVUS since I'm long. The CEOs of VVUS are suspected of violating insider trading. Anytime you tell the analysis and the public of nothing other than positive "pie in the sky" earnings and outlook for the state of the company in SEC disclosures forms and verbally to pump up the value of their stock for six months straight, and then each and every corporate officer of VVUS sells their shares at almost peak prices for 6.5 million dollars of profit, and then two weeks later drops a conference call BOMB indicating that revenue will drop by 25% for the next two quarters deserves to be sued. They hyped the stock for personal greed at the shareholder's expense. There are laws that protect you and I against that! Needless to say, VVUS dropped by more than 65% off that peak!

I don't call that a "stupid case action" as you stated. I'm glad this little guy has those sharp guns representing me. I may only recover a small chunk of what ALL THOSE CEOs got! Give me a break! This should be an open and shut case as far as VVUS is concern.



To: Stu who wrote (1590)3/18/1998 10:26:00 AM
From: nealm  Respond to of 2389
 
Yep, I was once part of one of those class action suits. When it was all done I got a check for $23. Since then I always decline to become part of the class action party.

neal