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Author: bytepusher Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63808  
Subject: Re: skandy hauled into court Date: 9/6/2003 9:22 PM
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but enough to arouse the anger of at least one investor and his or her lawyer. Hence the suit.

I doubt even that much, although I don't follow the I2 situation specifically. Basically there are a small number of law firms in the US who seem watch the financial pages and any time they see the stock go down they go in search of an investor to sponsor a lawsuit on the grounds the the company made misleading public statements. They never win these suits, in fact they pretty much never get to court, the whole point is to be enough of a pain that settling will be cheaper than defending the lawsuit. Been going on for years, Oracle had one of these suits in 1989 or 1990. Just about any company that's listed in the US and suffered a noticable setback has faced these suits, QLT for example is also in this situation. If there isn't also a SEC investigation then I wouldn't pay any attention to this...
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