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Non-Tech : NIFTY NINE IN NINETY NINE PLUS ONE -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (262)	1/26/1999 10:54:00 AM
From: RCMac	Read Replies (1) \| Respond to of 613

TD, >>I still wonder if the recent move to Bermuda was to protect the [XOMA] management over law suits that might be coming over another failed trial results with so much hype to the contrary.<< No, because it wouldn't protect them very much, if at all. XOMA is still registered with the SEC, subject to the U.S. securities laws, etc., so that any potential lawsuit under those laws is still viable notwithstanding the move of its state of incorporation. There may be something more favorable about Bermuda corporate law that will give the officers/directors a little more protection in some circumstances (I've never read the Bermuda corporations statute), but not against U.S. securities law claims. -- RCM