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Re: wadegarret post# 58921

Friday, 11/17/2006 9:13:28 AM

Friday, November 17, 2006 9:13:28 AM

Post# of 173862
BBC re class actions:

From the PRs that I have seen, there have been at least 3 lawsuits filed. At this stage, all of the plaintiff firms are trolling for suitable lead plaintiffs. There is no lead plaintiff right now, only named plaintiffs. Over the next 6 months the process of lead plaintiff selection will sort itself out.

The impact that this litigation has upon the company will probably depend upon the adequacy of insurance coverage. If New York Global Group is substantial, or has substantial insurance, the focus may shift to that company.

But Stephanie Tabor is irrelevant. The plaintiff lawyers/firms are the real plaintiffs and are running the show, such as it is.

Steve

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