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re: Securities Lawyers.....Recovering Investment Losses

Posted on 3/11/13 at 12:52 pm to
Posted by boosiebadazz
Member since Feb 2008
80548 posts
Posted on 3/11/13 at 12:52 pm to
you aren't getting anything back

my aunt is a stockbroker and she has to forward the class action notices to clients all the time. she says most people get back like 7 cents

we get the notices, too. it's never worth pursuing.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/11/13 at 12:57 pm to
Besides, you're essentially suing the managers of the company and arguing they violated the business judgment presumption, which is an extremely high bar absent fraud, gross negligence, etc. These cases rarely amount to anything. Lawyers circle the wagon nearly anytime any stock loses substantial value, a company is acquired, etc., etc. It usually results in nothing for the shareholders.
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