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  • pajacobsen pajacobsen Jun 28, 2013 10:16 AM Flag

    Lawsuit update

    All,

    As expected, Robert Strougo, the largest of the three plaintiffs, with an estimated potential loss of a whopping $2,563 on 1,100 shares, filed for acceptance as lead plaintiff.

    Surprisingly, however, a new plaintiff appears to have emerged in the last moment with losses that seem to have caused Mr. Strougo to retract his request. This plaintiff, Plumbers Local No. 18, has evidently forwarded a memorandum to the Court, documenting a potential loss that exceeds this of the other three plaintiffs. The memorandum, however, is not yet on file in Pacer, so I don't know what it reflects.

    We will see what happens next...

    Best,

    pajacobsen

 
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