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damnthetorpedoes

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damnthetorpedoes

Re: Follybuilder post# 440

Tuesday, 07/03/2012 2:41:37 PM

Tuesday, July 03, 2012 2:41:37 PM

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Folly, I disagree. A succesful lawsuit could bankrupt the company, leaving us shareholders holding the bag. In addition, I believe that the lawsuit itself presents a huge impediment to any partnership negotiations, again possibly bankrupting the company.

Do I want to see management changes? Certainly. I strongly believe that current management has shown both ineptitude and a disregard for shareholders but a class action lawsuit will probably do nothing to change that and the only ones who will get anything out of it is the lawyers.

I have been involved in a shareholder lawsuit before (vs. GE) and didn't get a dime from it.
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