I recently received a class action settlement info in the mail regarding a IPOs that were hot during the "internet bubble" e.g., (the now bankrupt) Commerce One, Ariba, VericalNet, etc. You get the pattern. Of course, the reason I got this is because I had invested in these during the bubble, and with a lot of other investors, got burned real bad.The ridiculous part of the settlement is the ridiculously low settlement that I as an individual investor would get out of the deal after attorney fees and expenses. Here's a partial list:Sycamore Networks: $0.0210/shWebmethods: $0.1270/shVertical Net: $0.0150/shJuniper Networks: $0.0066/shCommerce One: $0.0066/shAriba: $0.0080/shSo, for a 100 shares of each company, the settlement would give me $18.42!!What do you think are our options?Opt out of the settlement?Work directly with each company?Collaborate with other individual investors for options?Others?Here's a link to the litigation web site: http://www.iposecuritieslitigation.comThere are 6 law firms named in the "Plaintiffs' Executive Committee": Milberg Weiss Bershad & Schulman, Bernstein Liebhard & Lifshitz, Schiffrin & Barroway, Sirota & Sirota, Stull Stull & Brody, Wolf Haldenstein Adler Freeman & Hertz.Any help, directions, or potential resources would be great!I've cross-posted this on the Education, Jobs & Professions / Lawyers/Attorneys http://boards.fool.com/Message.asp?mid=23563498gonzi
Sycamore Networks: $0.0210/shWebmethods: $0.1270/shVertical Net: $0.0150/shJuniper Networks: $0.0066/shCommerce One: $0.0066/shAriba: $0.0080/sh
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