Replies to post #261577 on MyECheck, Inc. (fka MYEC)

[Bermuda Shorts]

Good point.

Furthermore, what does it tell you that the plaintiffs were seeking $MYEC shares...tacitly implying that said shares are worth something?

ALL IN...

[Mistral]

It's crazy isn't it? Maciora was certainly within his rights as an individual to file a Complaint under the Private Securities Litigation Reform Act (PSLRA). He just couldn't prove a single element of his Complaint.

PMB summarized Maciora's failure to provide proof in Docket Item 25, Reply to Maciora's Answer to PMB's Motion to Dismiss. They argued that Maciora was unable to prove he suffered a loss, was entitled to any shares, or that real estate transactions he presented were material to shareholders.

This was the exact type of frivolous case the PSLRA was designed to eliminate. It worked! Still, Maciora, as a shareholder was within his rights. He may try over and over to to use the other rule of law as an excuse for his failure. The PSLRA, however, always was the controlling law in Maciora v. PMB Helin Donovan LLP et al.

https://www.pacermonitor.com/case/10860775/Maciora_v_PMB_Helin_Donovan_LLP_et_al

http://www.investopedia.com/terms/p/pslra.asp