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Re: jarta post# 227667

Thursday, 02/22/2007 7:12:00 PM

Thursday, February 22, 2007 7:12:00 PM

Post# of 358439
Thanks much. I think this is Plan B after the attorney withdrew on Plan A. lol

Sarbanes Oxley extended the SOL for securities fraud. It says:

"a private right of action that involves a claim of fraud, deceit, manipulation, or contrivance in contravention of a regulatory requirement concerning the securities laws, as defined in section 3(a)(47) of the Securities Exchange Act of 1934 (15 USC 78(c)(47)), may be brought not later than the earlier of --
(1) 2 years after the discovery of the facts constituting the violation; or
(2) 5 years after such violation."


http://news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf


Guess attorneys can have fun arguing when the discovery of facts actually occurred on each violation claimed.


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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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