You and I are talking about apples and oranges. To certify a class action, a judge must find that: The class is so numerous that joining all parties is impracticable, there are common questions of law or fact, the named parties adequately represent the interests of the class, and common issues of law or fact dominate over individual issues.
The point I have been trying to make is that you and I have no idea if the named parties adequately represent the interest of the class. If you do know all the facts, kindly tell us how many shares the other seven named plantiffs purchased during the class period.
Incidentally, I'm not suggesting that the judge will certify the class. Even if he doesn't, a lot of financial damage has already been done to Seaview, as defense lawyers are not cheap. Moreover, I'd bet that Rich McBride, a named defendant, is not spending a dime of his own money on his defense -- you SEVU shareholders are paying for it.
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