Wave Systems Corp. (fka WAVXQ)

[Zeev Hed]

Snackman, have you ever been involved in such suits? I have on numerous occasions, not voluntarily. The lawyers just need two ot three "lead plaintiffs", all other stockholders in the class (those that acquired or sold the stock in the suit defined period) are automatically part of the class, unless they specifically demand not to be part of the action. Their is no cost to the shareholders involved, but in most cases they get paid "peanuts", not only do the lawyers take in some 30% to 40% of the awards (since they are funding the suit from their own resources), but typically, management tries and settle before it goes to court. Of course, in this case, the big question is, why is the suit filed at all. Typically, these law firms would go after deep pockets where there is a chance of recovery, in this case, the pot is empty, so there must be some other reason for these two or three suits. You should know one thing however, these law firms rarely go after situations where they have no chance of recovering their cost. That is the "bright side", the law firms would not sue an empty shell, unless they somehow knew that by the time the trials or negotiations are fnished, the shell will be refilled....