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Author: Luttig Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 105  
Subject: Class action settlement Date: 2/17/2006 10:18 AM
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Has anyone noticed that the proposed settlement includes foreign shareholders? Aren't the U.S. securities laws intended to protect only American shareholders from fraud, not foreign purchasers? It seems to me that if the settlement were limited to US shareholders, everyone would be getting a much larger share of the $1.1 billion. By including the whole world, the fund will be diluted to only pennies a share. The only purpose for including foreign shareholders seems to be to increase the amount of attorney's fees, currently expected to be $150 million. Is anyone considering objecting to the settlement?
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