This is all textbook. Anytime a company misses numbers and its stock drops,
attorneys come out of the woodwork to try to get people to sue. It's so
standard it's sickening. All they need to do is convince one shareholder
with ONE share of stock to sue, and they've got a class-action lawsuit.
Then people jump on the bandwagon, the amount the attorney can sue for
starts multiplying, more attorneys with more clients jump on the bandwagon,
and pretty soon the company starts seriously thinking about buckling and
settling out of court, their insurance paying the suit, and then they try to
rebuild.
In the meantime, the shareholders get a bit of money from Allaire, the
company is hurt, and a bunch of lawyers make a slew of money for some sleazy
work.
<CFUG-SFL Manager>
-Kev
</CFUG-SFL Manager>
> -----Original Message-----
> From: Stephen M Aylor [mailto:[EMAIL PROTECTED]]
> Sent: Tuesday, September 26, 2000 1:34 PM
> To: CF-Talk
> Subject: Re: More law suits
>
>
> They likely have better ... Insurance. Directors and Officers Liability w/
> Entity coverage
>
> I just hope they had a good insurance agent :-)
>
> Stephen M Aylor
> Aylor Insurance Agency, Inc.
> iinsurex.com
>
>
> > Hope Allaire has good lawyers!
> >
> >
> > Finkelstein & Krinsk Announces Class Action Lawsuit;
> Finkelstein & Krinsk
> > Charges Allaire Corporation With Violations of the Federal
> Securities Laws
> >
> > SAN DIEGO, Sep 26, 2000 (BUSINESS WIRE) -- Finkelstein & Krinsk, a
> prominent
> > San Diego law firm specializing in class action recoveries for
> institutional and
> > other investors, has filed a class action lawsuit in the United States
> District
> > Court, District of Massachusetts, on behalf of shareholders against
> Allaire
> > Corporation (NASDAQ:ALLR) and certain of its insiders for alleged
> violations of
> > Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule
> 10b-5
> > promulgated thereunder.
> >
> > ______________________
> >
> > The Law Firm of Schiffrin & Barroway, LLP has Filed a Class Action Suit
> > Against Allaire Corporation
> >
> > BALA CYNWYD, Pa., Sep 26, 2000 (BUSINESS WIRE) -- The following
> statement
> was
> > issued today by the law firm of Schiffrin & Barroway, LLP:
> >
> > Notice is hereby given that a class action lawsuit was filed in
> the United
> > States District Court for the District of Massachusetts on behalf of all
> > purchasers of the common stock of Allaire Corporation (Nasdaq:
> ALLR) from
> July
> > 20, 2000 through September 18, 2000, inclusive (the "Class Period").
>
>
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