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Modern_Rock

05/25/10 12:50 PM

#44686 RE: GWMAN #44682

I get at least 1-2 class action lawsuit letters in the mail every single month from stocks that I traded 3 years+ ago -- many are companies that are delisted. Hope you know more about JBII than you know about the timeliness of the litigation process

p.s. i had to wait 1 month+ in order to get an appointment with the DMV to renew my license haha
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Rawnoc

05/25/10 12:51 PM

#44687 RE: GWMAN #44682

Oops.... like I said, the tiny dispute if such a delusion were reality is too small...

Class action lawsuits may be brought in federal court if the claim arises under federal law, or if the claim falls under 28 USCA § 1332 (d). Under § 1332 (d) (2) the federal district courts have original jurisdiction over any civil action where the amount in controversy exceeds $5,000,000 and either 1. any member of a class of plaintiffs is a citizen of a State different from any defendant; 2. any member of a class of plaintiffs is a foreign state or a citizen or subject of a foreign state and any defendant is a citizen of a State; or 3. any member of a class of plaintiffs is a citizen of a State and any defendant is a foreign state or a citizen or subject of a foreign state.[1] Nationwide plaintiff classes are possible, but such suits must have a commonality of issues across state lines. This may be difficult if the civil law in the various states have significant differences. Large class actions brought in federal court frequently are consolidated for pre-trial purposes through the device of multidistrict litigation (MDL).[citation needed] It is also possible to bring class action lawsuits under state law, and in some cases the court may extend its jurisdiction to all the members of the class, including out of state (or even internationally) as the key element is the jurisdiction that the court has over the defendant.

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Modern_Rock

05/25/10 12:56 PM

#44692 RE: GWMAN #44682

even if there is no lawsuit, this proves that Honest John needs a new nickname after the kind of shenanigan he pulled off. 50% tank. The proof is right there in front of your eyes!