That is because there are no suits filed, just solicitations for lead attorney for filing a formal class action suit that will be determined if it has merit before it is allowed to go to court. There is a July 11 cut off date for any attorney group to present the number of shares that have signed on with them, the one with the most shares will be allowed to move forward.
This tactic is used by shorts to pull the share price down and usually the last one used in their short attack. Also it can be used by a party that is trying to gain control of the company in a proxy fight.
The best thing is to treat them like some of the bashers on this message board and just ignore them. Of course the bashers will keep bringing up this topic in an attempt to get the most milage out of these PR releases. And please note, everyone one of these notices is referenced as a PR release!
Surf.. you are right about this being solicitations related, not an actual suit. I did say it wrong.
1. The point remains about no comment from the company.
2. Your argument about this being a short attack is most likely wrong. Why does everything have to be about the shorts with you? There are numerous companies with huge short interest beside CLF that do not have this activity going on.
3. If this is an orchestrated event, I would not lay it at the feet of the shorts, but more likely from CAS.
Admit that this company is broken. It has little to do with IO pricing or the shorts trying to cover.