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To: Yargnad who wrote (53279)	3/14/1999 10:40:00 AM
From: steve kammerer	Respond to of 97611

These lawsuits will do more than anything else to deprive shareholders of value. 1/3 of all monies will go to law firms currently trolling for business. You used to be able to make some money by buying a company that got hit hard by earnings warnings when the market oversold and stock would bounce back. Now, quite often, they go down and stay down. I own TRL that had bad earnings' warnings and there are currently 13, repeat 13 law firms out trying to sign up people for class action suits. TRL will have to spend money defending against EACH of these vulture firms. Most of the time the shareholders do not receive anything or some non cash award. For example, in the MET Life suit, the legal firms got cash for their 30%. The claimants in the suit recieved the oportunity to buy more insurance at a reduced price! Nobody has received a cent for the Holocaust money class action suit gotten from the Swiss banks. The legal firms and certain organizations are sqabbling over the funds while any of the people and their relatives still alive receive nothing. Sorry for ranting but we have too many lawyers tring to think up new ways to earn money while declaring all sorts of emotional arguments claiming how they are trying to make things right. Stevek