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biomaven0

10/17/11 5:54 PM

#128669 RE: DewDiligence #128668

For a couple of recent takeovers I've been involved in that have been challenged, I've received notification of "settlements" consisting of some trivial additional disclosures plus $500,000 payments to the plaintiff lawyers.

It's like paying ransom to the Somali pirates - sure you get your hostages back, but you just ensured that someone else is going to get hijacked.

I don't know what the solution is, but it sure makes me mad.

Peter
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ghmm

10/17/11 5:55 PM

#128670 RE: DewDiligence #128668

I guess there is some advantage to being lead plaintiff in a meritless suit?