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SAIC, Inc. Message Board

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  • retiredexaon retiredexaon Feb 24, 2012 2:14 PM Flag

    Class Action Suits

    Did anyone in management at SAIC see any gain for the shareholders in the massive CITYTIME fiasco? Were they that blind to see that it would collapse and drag down a ton of careers, people and feed lawyers? I think that should be your first question for the shareholders. These lawsuits are a result of an act, not the act itself.

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    • I totally understand that the actions (or inactions) of SAIC managers (to include the BOD)in this case were unacceptable and, as we now see by these law suits, possibly illegal. Those responsible should be held accountable. What I don't understand is how any SAIC shareholder expects to benefit from the results of a class action suit. Perhaps those who have already disposed of their SAIC shares would be able to recoup some of their losses, but those still holding shares in the company don't seem to benefit at all. If there is some sort of award given to shareholders then the incompetents who ran the company at the time will be the largest benefactors.