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Kingsway Financial Services Inc. Message Board

  • risk_11 risk_11 Nov 24, 2009 2:35 PM Flag

    Lawsuits to follow?

    After picking fights with regulators and taking legal and regulatory positions which may or may-not stand up in court (regardless of what we may think, the PA department calls them sham transactions designed to hoodwink the charities...), the company currently has serious rating agency issues on its hands.

    Lastly, the company now seems willing to try and dispose of one of the last good assets in a quick fire-sale type manner. Query whether this type of urgent action will achieve maximum value for shareholders.

    How long can it be before the sharks in the legal profession start to circle and file class-action or other suits?

    Risk

 
KFS
6.54-0.04(-0.61%)Aug 21 4:02 PMEDT

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