Was wondering how long this would take. . .I think this is a new record - stock closed at 4pm, and lawyers filed at 6:30pm EDT. . .wouldn't plan on spending your settlement - I just got $4.00 that is FOUR DOLLARS on a 5 year old litigation for Looksmart.com. . .on a 20K loss!!!!!
I had a position earlier this year around 26ish and sold around 21. Took my lumps and moved on... I'm just rubbernecking at this train wreck now. I feel bad for the retired people on another message board who were posting about getting into AHM for the dividend. Ouch.
I agree though, the lawyers are just sharks who enrich themselves. The only reason shareholders back them up is because they think they are sticking it to management who they blame for losing their money.