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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Paunch who wrote (33668)	8/12/1998 8:16:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 35569

Paunch, Looking at potential deep pockets there is only BD. The State will no doubt be able to never pay a penny. What crime did BD commit? Some law firms take low level "nuisance" class actions with the intention of a few writs and a fast settle for $50,000 and they take 35-50% of what they get. Since the losses of the class are in the hundreds of millions it is attractive on the face of it, but I doubt they can hang any significant culpability on BD. Have we ever seen the terms of engagement of BD? If they cannot find a source of money in BD, Coggins or the state the SH will have to fund the clas action with up front money. When that happns it usually means a no hoper. the real crooks will have their money far offshore via several funds transfers. Bill