I have responded to some posts on iHub this weeken
Post# of 72440
Posted On: 09/20/2015 6:19:17 PM
I have responded to some posts on iHub this weekend and am reposting those responses here to support this MB...
The type of shareholder action being contemplated here would have less chance of winning than more traditional actions such as Rosen normally pursues. (Corporate insurance companies are known to pay "greenmail" settlements to make such suits go away, whereas law firm insurance companies do not have that track record as far as I know.) Given that fact, I would assume that the law firm who took our case would want a bigger piece of the eventual judgement/settlement due to that higher risk.
That said, I would not care. I want the lawsuit against Mako/SA/Rosen to move forward. I want their efforts against CTIX to be as costly and troublesome as possible. If our lawyer can actually win, he can have it all as far as I'm concerned.
The type of shareholder action being contemplated here would have less chance of winning than more traditional actions such as Rosen normally pursues. (Corporate insurance companies are known to pay "greenmail" settlements to make such suits go away, whereas law firm insurance companies do not have that track record as far as I know.) Given that fact, I would assume that the law firm who took our case would want a bigger piece of the eventual judgement/settlement due to that higher risk.
That said, I would not care. I want the lawsuit against Mako/SA/Rosen to move forward. I want their efforts against CTIX to be as costly and troublesome as possible. If our lawyer can actually win, he can have it all as far as I'm concerned.
Quote:
So even if shareholders win this hypothetical class action, how much money do you think a judge will say is owed? And how much of that judgment will shareholders see? Put another way, will SA or Rosen be able to pay up?
- scottsmith
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