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Panera Bread Company Message Board

  • passolidda passolidda Feb 26, 2008 7:47 PM Flag

    Leaches of Society

    They are at it again:

    Shareholder Class Action Filed Against Panera Bread Co. by
    the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP

    Whether you like or dislike PNRA, these class actions
    benefit no one but the leaches....

    Yes!, there are instances(not many) where it is justified,
    but more often than not, the reward to the stockholder
    isn't worth the bother.

    It's only a distraction for the company and maybe
    financially painful affecting both the company and the
    stockholders.

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    • I agree, some class actions are warranted, most are not, the US is a bit unique in allowing people to sue because life went against them.

      My corporation has had a class action suit against it for 3 years (different issue, loss of benefits related). As our lawyers say...class action only means the court doesn't want to hear the same crap 1000 times, so it does it as a class action. What most people think is that it denotes some credibility to the issue....it doesn't.

      It's like spec stock for lawyers, they only need one out of a dozen to give em back some dough.