Well they explained it correctly. I think I understand these class-action suits. I use to think they hurt the company. But, who they are suing is the old shareholders that lied to the new shareholders. Why did they lie? So they could sell when the prices were higher. The only problem is they are now gone. Who we should be suing is all the shareholders that sold during the class period. Thus, all those large insiders that sold should be the one sued. There are records!
the only thing surprising about the Milberg Weiss lawsuit is that it took it so long to be filed...Weiss is usually in the first one or two to file on every shareholder lawsuit I've known about...
Lawyers only see humor when it is very very simple. LOL. Did you see Mark Garagos attempt at humor yesterday. He told the judge that he 'had no questions for Amber Frey"...and then quickly said...'I'm only kidding'.
Considering the stupidity posted on these boards it is sometimes hard to tell whether someone is being funny or is just another of the morons running loose. Admittedly, I tend to be humourless - one of my failings.