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Tuesday, October 25, 2022 7:06:24 PM
Yes, there are different models to determine damages to shareholders.
But, opting out of the lawsuit may theoretically help
but realistically, probably not, because:
1. A private individual (billionaires excepted) may not be able to afford consulting services and their own lawyer to sue separately. Even if you do hire your own lawyer and own consulting firm, there is no guarantee you will get a better settlement than by opting in.
2. Our government can easily delay and exhaust our resources. Enter the billionaires (such as Berkie and Ackman) who have done this for us, that have resources available we probably dont have. If you have Billions, you may come out better by opting out. Buy you also may not.
3. This is obviously David vs Goliath, and "not all of us" want to face Goliath (Uncle sam). For me, Im glad David (Ackman, Berkowitz, Thompson, etc) are facing Goliath, and I can watch and it cost me "only the lost revenue" from earning power of the shares, which that will cost regardless if I opt out or not.
4. Since Im putting "o" into attorney fees, consulting fees, etc., my risk is lower than if I put money into those things.
5. As a "risk/benefit ratio" the best method is to opt in. By "not investing" my money into attorney fees/consulting fees, my risk is lower. Thus, I favor opting in, and let Berkowitz bear the risks of losing his investment in attorney fees.
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