Actually, this particular lawyer bringing this class-action lawsuit against Allaire is
well known for suing as soon as a stock price drops and looking for evidence of
wrong-doing later. He often settles out of court without every finding anything.
Read up on him. It's very informative, and very sickening.
At 12:04 PM 9/26/00 -0400, Claremont, Timothy S wrote:
>Keep in mind that lawsuits of this type are far from rare. Virtually every
>time a corporations stock goes down there are people who feel betrayed or
>violated. These people (perhaps with good cause, and perhaps not) often feel
>the need to sue based on the chance that there was some questionable
>activity on the part of the corporation. And while it may very well be
>founded in this case, remember that it is not in any way unusual, or even
>indicative of any wrongdoing, necessarilly.
>
>--------------------------------------------
>Tim Claremont
>Xerox Corporation
>--------------------------------------------
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