Class Action Law Suit!!!

[JEFF247]

Has anyone been notified about a class action lawsuit (stock related) and followed it through? I just got another ENRON notice and quite frankly I would like to throw it in the garbage. I sold ENRON at the height of the stock and made good money.

Sounds like lawyers get the lions share and I might get a couple bucks. Has anyone followed through with one of these lawsuits and was it worthwhile? Thank you.

 

[train]

Has anyone been notified about a class action lawsuit and followed it through? I just got another ENRON notice and quite frankly I would like to throw it in the garbage. I sold ENRON at the height of the stock and made good money.

Sounds like lawyers get the lions share and I might get a couple bucks. Has anyone followed through with one of these lawsuits and was it worthwhile? Thank you.

Corporately yes, there are lots of price fixing lawsuits going on. This year we have netted 6 figures on a couple of them. It can take many years but you have nothing to lose but a little time filling out paper work.

 

[Aardvark154]

Another factor is how much stock you owned etc. . . small stakeholders typically get relatively little.

 

[gramage]

It can take many years but you have nothing to lose but a little time filling out paper work.

consider it a free lotto ticket, who knows what you'll win?

 

[BottomsUp]

Where do they expect to get the money from, even if the suit is won?

 

[Cobster]

I'm always amazed how everyone claims they always sold their stocks at a peak time. lol

 

[wangbang]

Some aren't worth the time it takes to fill out the forms and some are. Often the forms get sent out by the brokerages and after you start filling them out you may find you didn't qualify due to cut off dates.

I did have one big score on a class action payout for Tyco. They paid strictly based on purchases in a short period and I had been trading them during that period.

The other thing to remember is that, as many people don't apply, the payout is usually higher than stated.

 

[danmand]

I have been paid a few times. Last, I got a bit of money from a Nortel class
action suit. Generally, don't expect too much, cause the lawyers get to
put their snouts in the trough first, but it is found money.

 

[xix]

Nortel

I did for Nortel wasted 15 mins.
I knew I wouldn't get any but at the same time I did trade during the period mention.
Later I was told I didn't qualify, which I doubt very much but they were just trying to discourage me I thought.

Only 15 mins may get you at least a session i the near future.