Well, looks like 6 so far. Any guesses as to how many more will be filed? Reminds me of the difference between a lawyer and a catfish. One is a bottom dwelling sum sucker and the other is just a fish. Who stands to gain a thing from these law suits other than the law firms who are filing them? IMHO, SAIC stock holders will see nothing except increased downward pressure on the stock price. Kind of counter productive. Does anyone see any benefits to stock holders in this?
"...splfy must be making a ton of money...at his new job: sewer cleaner."
...WOW, you must be really scared of splfy, huh, cheeezywhore, 'cause you live in the biggest sewer in the U.S.A. (a.k.a West Hollywood)...better be careful or you're apt to have your Section 8 Apt. swept up and thrown into a dumpster (where it'll be home-sweet-home to you!!!!)....cheeezywhore: still ALL stupid...all day long...all of 'em....
Did anyone in management at SAIC see any gain for the shareholders in the massive CITYTIME fiasco? Were they that blind to see that it would collapse and drag down a ton of careers, people and feed lawyers? I think that should be your first question for the shareholders. These lawsuits are a result of an act, not the act itself.
I totally understand that the actions (or inactions) of SAIC managers (to include the BOD)in this case were unacceptable and, as we now see by these law suits, possibly illegal. Those responsible should be held accountable. What I don't understand is how any SAIC shareholder expects to benefit from the results of a class action suit. Perhaps those who have already disposed of their SAIC shares would be able to recoup some of their losses, but those still holding shares in the company don't seem to benefit at all. If there is some sort of award given to shareholders then the incompetents who ran the company at the time will be the largest benefactors.