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RINO International Corporation Message Board

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  • renaissancebubba renaissancebubba Nov 20, 2010 8:54 AM Flag

    Suggestions on which CLASS ACTION SUIT to join?

    Chances are you won't get diddly from any of them. Lawyers tend to structure the class actions to give you a nickel a share or something, while they rake in millions...and those millions come from the company, which further devalues your shares.

    People need to wise up. I've been a party to probably a half dozen class action suits over the years, usually by coincidence and not because I had any gripe with a particular company. Biggest (and only) award that ever reached me was a sprint phone card valued at $25 but that used up it's value at something like 79 sents a minute. In short, a joke.

    My advice. Learn your lessons but don't waste your time. Class actions are not likely to fix the problem you're facing.

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