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Shire plc Message Board

rosengroup2001 4 posts  |  Last Activity: May 19, 2015 12:08 PM Member since: May 19, 2003
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  • rosengroup2001 by rosengroup2001 May 19, 2015 12:08 PM Flag

    Funny how a "rumor" that FTC was going after LL causes the stock to lose steam after CNBC blasts it once again. Now, the FTC announcement has NOTHING to do with LL and CNBC is silent. SHOCKING!

  • Reply to

    Any Insurance Salesman Out There?

    by baxterparktrading May 12, 2015 3:26 PM
    rosengroup2001 rosengroup2001 May 12, 2015 4:39 PM Flag

    Clearly you are not an attorney. Fraud is difficult to prove because there has to be "intent". Unless there are e-mails, videos, correspondence, etc. showing that LL instructed its suppliers to violate the laws, it's going to be difficult for the insurers to walk away from their responsibility. Imagine, with all of the technology available today, if there are NO tangible evidence, then maybe LL is, as they've said all along, innocent of the charges levelled.

  • Reply to

    Any Insurance Salesman Out There?

    by baxterparktrading May 12, 2015 3:26 PM
    rosengroup2001 rosengroup2001 May 12, 2015 3:42 PM Flag

    It is VERY common for insurance companies to initially "deny" coverage until they have investigated the matter. In this case, the carriers want to see if there is any "fraud" or "misrepresentation" on the part of LL that would void their responsibility. If no fraud and/or misrepresentation is found, then the carriers will be forced to indemnify the company as that is what they have been paid premiums to do! The carriers can't simply agree to accept premiums and then, when a claim comes in, simply refuse to indemnify them. There isn't a court of competent jurisdiction that will allow such a one-sided interpretation of their contractual responsibilities.

  • How is it that every analyst has been able to test LL's product and the government's test results haven't been revealed? Clearly, there would be stock movement, either up or down, on the findings. It's time for the government to be transparent and release its findings!