Grifco Inc (GFCI)

[cyofish]

Interesting best2l, of course in my casse I filed a compalint directly with the regulatory body CFTC, who decided baed on evidence and corraborating facts from other investors, to pursue the case.

The trend in dispute resolution is going in a totally different directon. There are increasing number of organizations moving towards mediation and arbitration as a remedy to disputes. You will even the ADR (alternative dispute resolution) riders written in most contracts now days. For one thing lawsuits are very costly for companies to defend. Secondly, it is bad PR because legal proceedings become public information. Class action law firms know this and milk it for what its worth. It's really a shame. ADR keeps the dispute private, and cost 75%-90% less than a lawsuit. Plus, there are no appeals and it is binding.

Here is an interesting article about ADR:

http://www.mccammongroup.com/articles/new-tools.asp

Last little tidbit. Most states require a mediator to be certified. Certification can cost $1,200 - $3,000 depending on the state and it will only take about a year. Mediators make upwards of $300/hour.