Zeev's Turnips Patch-No Politics (ZEEV)

[carl_p_r2]

I would call that a good decision. I have little use for Securities litigators. In the stock market there is risk, and there always will be. In IPOs the risk is higher, but the fact is that anyone who bought an IPO recieved (or claimed they did) a prospectus, so they knew (or should have known) what they were getting into. So much litigation today is based on the idea that when bad things happen, it must be someone else's fault, and the deep pockets should pay.

That said, I'm about to get a check for some litigation in a stock I used to own. What a deal, $.35 a share. Unfortunately when the litigation was announced the stock fell by $1 before I could sell, but at least I get back a third of the money cost me by the lawsuit, so the law suit only cost me $.65 a share.

Carl