The day that Shearson Financial came out with news that they were coming out of Bankruptcy, the stock continued to trade. I believe that Shearson was supposed to cancel their shares and they wouldn't have traded. Many of us traded those shares in good faith that the shares were actually still worth something. Now they aren't.
There is a group of us shareholders that are getting together and have an attorney that will file a class action suit against Shearson financial. Anyone interested in joining can contact the google group message board and join us in the class action suit.
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