For the last few months, I've been flooded with e-notices (mail, and other things) about litigation for persons who bought stock in Owens Corning and COSI between certain dates. I even got one email from a law firm asking me to send them my 2002 end of year broker statement to see if they were involved in any stock fraud litigation against any of my holdings.I did own Owens Corning stock a few years ago, and looked at COSI.My question is, what is the point of such litigation? It seems to me that the companies being sued are already in deep financial do-do, and will probably not have any funds to give if they lose the lawsuit. On the other hand, it seems there must be profit to be made by the law firm, or they wouldn't be suing.So who pays the lawyers?And typically, do such suits end up giving any money back to the stockholders?
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