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GeoPharma Inc. Message Board

  • meditank meditank Dec 2, 2004 4:04 PM Flag

    class action baby!

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    morons!

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    • What we have is a notification of intent to file. Briefs must be filed by the Plaintiff first and then by the Defendant. It must be proven based on malacious ground and simple error makes the case weak. In addition, publically held companies make financial forcasts and quite often they miss their own forcase. Does that constitute a legal action? Of course not!

      • 2 Replies to hyew
      • This is not true.. you do not have to show malicious intenet unless you're trying to prove fraud. Showing that conflicting information that any reasonable could misinterpret is enough.

        I have sat through enough Legal and Compliance meetings at my former employer to know that sometimes a single word, sometimes obvious (like in this case the magic word is "DRUG" and sometimes not, like using "may" in once place and not in another and that's all she wrote...

        It may not rise to the level of fraud but it easily rises to the level of bad 'material information'.

        It does not matter if it was sloppiness, a mistake or actual malicious intent to have a solid case... It would be different in Criminal court and/or anything the SEC would do to bar the CEO, etc... but not for our piddly investor suit...

    • Who's going to SUE?

      ROFLMAO, dumb speculative day traders buying to get rich on the day or the investors that own it at $4?

      When you win, I will be the first to tell you.

      Scum bag inside information morons. All your short trades going to be looked at on this one.