NeoMedia Technologies, Inc (NEOM)

[whattheheck3030]

This class action suit cannot be simply against the company and the BOD, it would have to include promoters and those who 'acted and behaved' as promoters. The reason all must be included is simply this; the BOD will claim they are responsible for losses, but not for getting someone into or continuing to hold the shares. The promoters or 'agents that act as promoters' would claim they got people into the stock, but are not responsible for the losses created by the BOD. So, by including all those associated with the entity the judgement can be divided as the court sees fit, be it 80%/20% or 50/50 or 30%/70% or whatever. This is how things are done in Ontario, Canada. I recall one case I was involved in for a decade and we ultimately got the directors of a limited partnership and the promoters convicted of fraud; no cash came our way for another five years, and what did was small. But at least the promoters lives were ruined for ten years via stress and court associated costs - which made me feel better. From what I have received in PM, I can assure you that if the U.S. had our laws on this sort of thing, there would be some very concerned mouth pieces for NEOM hanging around here. This post is on topic, and discussing who should be involved in any suits against NEOM, thus I hope it is not removed.