Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Premiere Technologies (PTEK) -- Ignore unavailable to you. Want to Upgrade?

To: JC who wrote (415)	7/14/1998 1:39:00 PM
From: Tom Genna	Respond to of 1270

the amount of legal firms is irrelevant. all of them need just one client each to get involved in the suit. when the period is closed to add more, the firms then consolidate their suits, a class rep is selected and the shareholders wait for years to recover a pittance. the lawyers take a whopping large % of the class settlement and divvy it up amongst themselves. if there was 50 law firms involved it only means that there is less to divvy up between them. I've been the "best boy" several times for one of these firms. it's no compensation for the beating you've already taken. what you get isn't much and you do not need to be represented by the firm to collect what little there is to hand out if any. you will be contacted by the legal process when the time comes if you were a shareholder so all you need to do is retain proof that you were a shareholder when this s*** all happened.