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#1
12-16-2004, 09:54 AM
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Investors suing Investments
Two articles in my daily "insurance email news" caught my eye. Is this the latest trend? If your stock tanks, and there is some hint of impropriety, you sue?
http://www3.ambest.com/BestDayNews/L....asp?BSN=70702 http://fpn.advisen.com/fpnHomepage.s...d=33050162#top 
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#2
12-16-2004, 10:20 AM
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Re: Investors suing Investments
Quote:
Not the latest trend, it's been going on for a while.
__________________
Send em to college if you want, but most graduates retain little more than drinking game knowledge and maybe an STD ---ShebaPoe It's kind of like saying you work for Berkshire Hathaway when you really work for Dairy Queen. ---Colonel Smoothie "Best of... Westley" thread: http://www.actuarialoutpost.com/actu...ad.php?t=52501
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#3
12-16-2004, 10:22 AM
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In russia, investors don't sue investments, Investments sue YOU!
In korea, only old people sue.
__________________
I think the dollar will crash irreparably by 2012.... bottom drops out of the dollar. ....Dollars are worthless, 401ks are bust, the markets are valueless...government assumes control over all industry and everything is nationalized by the end of 2012. - gomer_tree
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#4
12-16-2004, 10:24 AM
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__________________
"There are 100,000 total marijuana smokers in the US, and most are Negroes, Hispanics, Filipinos and entertainers. Their Satanic music, jazz and swing, result from marijuana usage. This marijuana causes white women to seek sexual relations with Negroes, entertainers and any others." - Harry Anslinger, testifying to Congress, 1937
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#5
12-16-2004, 10:26 AM
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This has been happening for years. Class action suits are where the money is (at least for plaintiff's attorneys), haven't you heard?
Not a great way to recoup investment losses. Over a year ago I filled out some material to join a class action suit on Lucent. I lost about $6,000. Based on the material they sent me, I stand to collect about $350- before taxes.  I haven't seen the money yet, of course.
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#6
12-16-2004, 10:42 AM
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I guess what gets me is that there is an inherant risk in investing. It's like those boneheaded soldiers going to Canada and trying to claim refugee status cause they deserted. They knew the risks before joining.
Anyway, I'm off my soapbox for now.
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#7
12-16-2004, 10:59 AM
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Quote:
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#8
12-16-2004, 11:09 AM
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Quote:
__________________
"There are 100,000 total marijuana smokers in the US, and most are Negroes, Hispanics, Filipinos and entertainers. Their Satanic music, jazz and swing, result from marijuana usage. This marijuana causes white women to seek sexual relations with Negroes, entertainers and any others." - Harry Anslinger, testifying to Congress, 1937
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