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castboy

02/22/10 7:20 AM

#152725 RE: GeoffreySapenter #152721

They will only be rich if they have bought while the shares are still selling for pennys.The average employee cost average is multiple dollars and a few thousand shares each.Even a ten dollar settlement would still leave some under water unless they have loaded up with the penny shares.
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catman26

02/22/10 7:23 AM

#152727 RE: GeoffreySapenter #152721

What's stopping the employees from selling their portfolio stock and them re-buying 5 minutes later in their personal account? I don't think JPM would be stupid enough to buy even 1 share of wamuq stock after forcing 38,000 employees to sell all of their stock. The lawsuit would be outrageous.