Amarin Corp Plc (AMRN)

[bblack]

JL, thanks for the story. Here is why I (sometimes) proceed with these claims:

1) many years ago I took the advice of a good friend and bought shares in what appeared to be a very funky company. The balance sheet looked too good to be true, the margins too high, etc. The stock traded in the low 20's. Thankfully I bought just a small position because the company filed BK the very next day. Turns out the financials were fraudulent. I filed a class action claim form years later and ultimately recovered 25 -30% of my investment.

2) Just last week I filed another claim form for what was once regarded as a decent insurance company. The total settlement amount is $219 million...$69 million paid by the company and $150 million paid by their insurance company ..presumably from an E&O claim. The attorneys get 29% and the rest is divided between the stock and bond investors. The estimated recovery after fees are 50.4 cents/share for stockholders and $15.20/bond. These numbers are huge and justify spending the time to file a claim. If the majority of investors throw away the paperwork, I'll just say thanks and receive a larger check