The Rosen Firm searched for a "shareholder" for a
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Posted On: 09/11/2018 11:16:16 PM
The Rosen Firm searched for a "shareholder" for a meritless class action suit against IPIX. We can say "meritless" because IPIX, unlike most companies that are sued by ambulance chasers, FOUGHT the case instead of paying what is termed "greenmail" -- paying the lawyers because settling is cheaper than going to court.
Now, having had that experience, is it any wonder that IPIX has decided that it's cheaper to spell out every possible thing that could go wrong, in the most dire of terms, rather than give even the tiniest little glimmer of hope to the next ambulance chaser who decides to try to greenmail IPIX? No one can claim that the company misrepresented anything if every possible problem is spelled out.
There's a reason why smart small companies include this kind of language in their official filings.
My opinion, not investment advice, or legal advice, of course.
Now, having had that experience, is it any wonder that IPIX has decided that it's cheaper to spell out every possible thing that could go wrong, in the most dire of terms, rather than give even the tiniest little glimmer of hope to the next ambulance chaser who decides to try to greenmail IPIX? No one can claim that the company misrepresented anything if every possible problem is spelled out.
There's a reason why smart small companies include this kind of language in their official filings.
My opinion, not investment advice, or legal advice, of course.
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