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

To: Linda Kaplan who wrote (2979)	3/24/1998 9:08:00 PM
From: Peter V	Read Replies (2) \| Respond to of 7041

Never been involved in a shareholder suit, but a couple of years is a good guess.

To: Linda Kaplan who wrote (2979)	3/24/1998 9:08:00 PM
From: Bruce Rosen	Read Replies (1) \| Respond to of 7041

The following post appeared on a different board. It was a response to a previous post, but I believe you will get the general idea of what is being said: << >>SGP is not named in any lawsuit because they have no liability! They are a marketing and distribution company, at least as far as ZONA is concerned. They have not made any claims, or done any marketing that I know of.<< Wrong again, Zapper! The following appeared in the Houston Post soon after the deal between Zonagen and Schering was announced: "A Schering-Plough spokesman said Asensio's statements should be examined in the context of his short position. "Schering-Plough is pleased to have entered into this agreement with Zonagen and is confident that as an oral therapy, Vasomax represents a therapeutic advance" in the treatment of male impotence, said spokesman William O'Donnell. "Prior to signing this agreement, Schering-Plough conducted its due diligence investigation, including reviews of the clinical trials and patent matters," he said." >>they are being sued because they made false claims that drove the stock price up, people bought in, and then lost their money when the truth was revealed and the price dropped.<< This is strictly your opinion, which I believe has little relation to the truth. Asensio and other detractors of Zonagen have proven nothing. Their unsubstantiated attacks have grown progressively weaker and more desperate. >>I don't know about you, but I have never seen such HUGE Law Firms fighting each other for the right to represent a frivolous law suit! Think about it. There must be some truth to the claims!<< You've got to be kidding!! Whenever a suit of this kind is filed against a company with deep pockets, many other securities class action law firms jump on the bandwagon. They pool their resources and choose a lead firm or have one appointed by the judge. This is par for the course and any knowledgable market observer expects such suits to be filed. Many are shown to be without merit and with the recent changes in the law, passed by Congress a couple of years ago, these suits are more difficult to win. To conclude that this means there "must be some truth to the claims!" is a severe case of wishful thinking. >>