Medical Marijuana Inc (MJNA)

[nopancakemix]

Absolutely
For $1500 a lawyer can draft a letter to Seeking Alpha and the authors notifying them of intent to file a claim. This can be done as a shake out move or to bring the parties to the negotiating table. Typically most lawyers take 33% of any settlement, as much as 45% if they go into litigation/mediation plus expenses. Good counsel will cost roughly $400-800/hour, and $1200-3500/hour in court on an a la carte basis.

The question becomes is the settlement worth the pursuit or is the ruling likely to be profitable. A class action usually only make the lawyers money but with such a small estimate of investors to bring suit, a sizes settlement wouldn't be spread too thin.

MJNA has clear grounds of slander, libel and slander with intent to gain financially
As for MJNA, what would the restitution be;
Damages compensatory to market cap losses,
Injunction on authors
Injunction on SA
Possible fines paid by SA
Possible recovery of any funds paid to authors
Possible restriction or barring of authors from financial reporting.....

It could be very interesting