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Monday, November 01, 2021 4:22:00 PM
A hot debate about the class actions
The way I see it there was plenty wrong in the way the Du case was dealt with but whether such is actionable is in my view very doubtful but I am no legal expert on such matters ( although a lawyer)
I doubt the 50 lawyer firms will attract many clients - their problem is that few current shareholders will A- consider it a good idea to take action which they may perceive might just possibly damage the company they continue to be a shareholder in -and B -will probably doubt they will succeed and but if they do will get cents rather than dollars
Whether former shareholders will be bothered about A is doubtful so maybe more traction there but again can they be bothered with years of litigation with probably peanuts or no peanuts at all
As with most of these things steam will run out
As to hit debate -Seems to me we can each of us make our minds up what we wish do - I don’t defend the past but look with hope to the future
I am for one more concerned now about the future of the company than the past ...
I would rather hope to recover lost ground in the future of the company - I remain optimistic of improvement ahead
Alm
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