I've been in a bunch of these type of settlements and one (WAVX) paid surprisingly well and the others were minimal. I'm not in this one but I'm fascinated. I didn't add during the pump but I enjoyed Camelots posts hoping for a better run at the time. I am pleased that somehow this has all transpired without the company and its principals being impacted. I would like to hear the story sometime how the company skated responsibility here. Maybe Iglow has a thought on that. In my experience the lawyers throw the spaghetti against the wall and see what sticks. This settlement was tightly targeted at the piano man.
Do you think the Government hired outside attorneys to handle this? I don’t think so. We are not paying Friedlands attorneys. I don’t think he his will have the typical legal expense load. MHO only
Do you know why you were asked to send in a W9. I was not. Does it have to do with the amount you will be receiving from this lawsuit? .03-.04 ... that's such a small percentage. Sad.
25-33% to attorneys, single digit percent return to investors (1-9%), leaving ~50+% of the fund unaccounted for or for “other” fees. Your two predictions don’t appear to add up…