"With the other RICO suits in the mill, the trial lawyers are doing their best to use the court of public opinion and the threat of complete financial meltdown to get the HMOs to settle. Since October, trial lawyers have sought to create a market selloff of managed care stocks in order to force out-of-court settlements."
"Mr. Scruggs has been on the front lines of the stratagem--cozying up to analysts at Morgan Stanley and Prudential"
The recent breakout in HUM stock must be a real blow to the agenda of these lawyers. The timing of this article smells of intent and not unbiased analysis. Did Scruggs and friends have this article planted? Are they shorting HUM aiming to cull and kill the weak?
I am not normally a paranoid person but when I read the above in the WSJ it makes me wonder???