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Class actions suits bug me.
A couple of years ago I owned Tyco stock. It went down. I sold it eventually and lost about $6000. Recently, I got notice of a class action suit against various members of management. This week the settlement paperwork arrived. I'll be awarded an amount equal to less than 1% of my loss, or <$60. The two stockholders who initiated the suit will get $2500 each. The lawyers will get $1,050,000.00.
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Lee
Last edited by LeeH; 10-12-2011 at 10:55 AM..
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