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Disagree - your argument makes no legal point. This suit is by institutional investors who have access to the best lawyers in the country. They chose to sue ful
by mankash666 9y ago
Disagree - your argument makes no legal point. This suit is by institutional investors who have access to the best lawyers in the country. They chose to sue fully aware of the TOC, they obviously know more
- downandout 9y agothey obviously know more Or they're just greedy and looking for a quick settlement, like all other class action securities attorneys do when the sue over large stock price drops. These types of suits are filed daily, many of them without merit. For a fascinating look at Bill Lerach, the lawyer who perfected this tactic, check out [1]. He squeezed so much money out of public companies and caused so many problems with these often ridiculous lawsuits, that Congress passed a bill limiting them that became known as the "Get Lerach Act". He eventually went to federal prison for paying kickbacks to plaintiffs. [1] https://www.youtube.com/watch?v=wYIC9GU9OeM https://www.youtube.com/watch?v=wYIC9GU9OeM