Brown Dustman, the problem with class action suits is that they are very expensive, and usually the only winners are the lawyers. There is no doubt in my mind that the stockholders would have a valid case against DC. But whether it is worth the cost of pursuing it is another matter.
Of course, other targets could be included as well. For example, if it could be established that certain individuals had been compensated by the company to try to pump it without disclosing their relationship to the company then they could be worth going after. Especially if any of those individuals tried to keep investors from making informed decisions by preventing negative information about the company from appearing on a bulletin board devoted to the company stock. It seems to me that heavy-handed censorship to suppress negative information would make one especially vulnerable to a lawsuit.
Of course, this is all hypothetical. Who knows whether that has indeed happened here. (wink, wink.)
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Posted by: Brown Dustman
In reply to: None
Date:6/23/2005 11:21:16 AM
Post # 3748 of 3748
I'm a little surprised that I've not heard of a class action lawsuite yet. Has anyone else heard of one?
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