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Tuesday, September 07, 2021 11:46:19 AM
Wise move on his part.
This lawsuit. You do know that any shares bought after August 31st, 2011 would be ineligible if there was any chance of there being a classaction suit. One can not claim damages for shares bought after because it was public knowledge that the CTs would be in class 10b.
And then there is the statute of limitations thing. You only have a limited time to sue after the plaintiff did his wrong doing. Again, the clock would start ticking on 8/31/2011, and the damages would have had to been incurred then or before.
This lawsuit will go nowhere. Ask Rex about that statute of limitations. Ask him about the bar date. Ask him if shares bought in the last 8 years can be part of a classaction suit due to damages claimed before.
Joe Stocks
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