CPI Card Group Inc (PMTS)

[FUNMAN]

In all likelihood as with most class action lawsuits that are allowed to proceed, a settlement between PMTS and the lawyers (who will end up with a windfall), will occur.

PMTS writes off a one-time hit against earnings. Then everyone moves on.

Actual trials in these situations are very rare.

If and when that occurs the PPS will take a hit. For buy and hold investors it will be a roller coaster. For traders it will be an opportunity to play the news.

A judge already denied PMTS request to dismiss the lawsuit. In all likelihood from this point forth, shareholders won't know another thing until it is all over.