Plastic2Oil Inc (PTOI)

[micham2012]

This lawsuit has been brought by lawyers. You need to ask why they are pursuing the case. The identity of the plaintiff and his/her motivation is irrelevant.

I am aware of Paula's posts and agree with much of what she has said. But a class action can be brought and a class certified with only 1 named plaintiff. It happens all the time. While class actions almost never proceed to trial, 1 named plaintiff -- certified to represent all those "similarly situated" -- is all it takes.

This case has nothing to do with the named plaintiffs and everything to do with the plaintiff lawyers. Those plaintiff lawyers you see on the existing complaint have probably reached a deal between themselves. Others are hoping/trying to deal themselves in.

This is all an "automatic" reaction to the Wells Notice -- none of these attorneys has done a whole lot of studying. It is simply assumed that the Wells Notice gives legitimacy to the claim, and now various plaintiff's attorneys are looking for the "best" class representative and the right to represent that person as lead counsel.