Replies to post #92114 on UnifiedOnline Inc fka UOIP

[BrokeAgent]

It's a derivative suit. Derivative lawsuits are typically filed by a director of the company, on behalf of the company, but shareholders can bring derivative actions against a company as well. Essentially, a derivative lawsuit is filed to stop the company or it's director(s) from doing something that is or will be detrimental to the company and/or shareholders.

[Scruffer]

"All shareholders" means everyone, all common.

• Those not on this board
• Those who have NOT contributed to legal
• Those who have (unfortunately) passed away (RIP)
• Those completely unaware of inheriting shares
• Yes, even Carter's ~903M common
• And Deirdre's 44.7M too

Our goal is to get as much as possible paid to each and every share.

>>> Our money resides in the shares. <<<

And the more side-deals we can void, a higher value for each & every share.

Lastly, see BA's post (# 92120). Class-action is completely different, MUCH MORE COSTLY, requires much more time and the lawyers scalp the SH'rs.

Thank you.

[jesuslovzu]

I have a friend who owns about 16,000 shares. If we get $0.20 per share. She'll get $0.20 per share, I'll get $0.20 per share, and the plaintiffs would get $0.20 per share.

I'd note that in the lawsuit there are a couple of 'punitive' sounding things.. I believe they asked for $1,250,000 or so, as well as legal fees.

I'd assume that this wouldn't necessarily go to everyone, but be returned to those who contributed to legal efforts, and then any left over would likely go to those who did the work and took the risk ( plaintiffs)... but that is above and beyond the core ask... which is that every shareholder and every share be paid our fair portion.