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Angie's List, Inc. Message Board

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  • oracle2015 oracle2015 Oct 17, 2012 12:42 PM Flag

    Angie's List's Undisclosed Class Action Suit: What Could It Mean To Shareholders?

    They may have more than an ethical problem. There could be a far more interesting development. probably will end in an out of court settlement though as the attorney fees clocks are already spinning.

    Sentiment: Sell

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    • probably not, this is class action and they'll have to get hundreds of thousands to agree to settle it and we're only talking $10-$100 each, so no reason for most to take pennies on the dollar very soon, lawyers usually take years to settle a class action, this will be at least a year unless they offer a huge sum, which they can't afford.

      Sentiment: Strong Sell

 
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