Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: jeffrubinstein 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 682  
Subject: Re: COSI, Owens Corning, and lawyers Date: 4/7/2003 8:29 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Hello lucky1108,

So who pays the lawyers?

The cases are usually on a 'no win - no fee' basis, which is cheap for the plaintiff - if they lose. If the lawyers win, they can take as much as 60% of the settlement for fees. The rest goes to the aggrieved stockholders.

And typically, do such suits end up giving any money back to the stockholders?

see above, but don't expect more than the price of a dozen "Big Macs".

Personally, unless you were REALLY conned, I'd bin the lot. In which case, the folks to go see are the SEC.



Disclaimer - own shares in WSTL (Westell Comms) a telecomm equipment manufacturer. They were sued for securities fraud, and appear to have won. But they won't recover their own legal costs in the defence.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.