Replies to post #166028 on Plastic2Oil Inc (PTOI)

[abrooklyn]

PKG,

I believe this firm is one of the 12.

Story from Bloomberg:

Lawyers Cash In While Investor Clients Get Nothing in Merger Lawsuit Deals

None of the 10 cases that New York-based Faruqi & Faruqi helped to settle during the two years produced cash for clients, according to court records. Legal fees in those 10 cases totaled $6 million, split among plaintiffs’ firms.

http://www.bloomberg.com/news/2012-02-16/lawyers-cash-in-while-investor-clients-get-nothing-in-merger-lawsuit-deals.html

[Stock]

Class action lawsuits rarely help shareholders in any meaningful way.

[madeindet]

They are still trying to find victims that don't exist. Shareholders know what we are holding, only a matter of time. Be patient. Typically the lead plaintiffs in these cases are plants by those who are shorting. Look into the MO of the MIlberg Weiss class action/hedge funds/short seller case. They were planting plaintiffs in target company stocks and initiating the Dump and Pump campaign before the DOJ busted them.