Allstocks.com's Bulletin Board: SNG lawsuit

my profile login | register | search | faq | forum home

»	Allstocks.com's Bulletin Board » General Investing Topics » SNG lawsuit

UBBFriend: Email this page to someone!

Author

Topic: SNG lawsuit

usmcir0nfist
Member

Rate Member

posted

I got in on a class action lawsuit for this company that burned me. What exactly will happen?

probably nothing right? I only lost like 800 to a grand anyway but they are accusing SNG of being dishonest to shareholders. Any ideas?

IP: Logged |

VNGNTN1
Member

Rate Member

posted

USMC
Lawsuits are part of trading. Not familiar with this particular one, however if the case is dismissed(shareholders sometimes have higher expectations than a judge might grant) Oil & gas are doing well right now. Maybe give it some time it is still above 52 week low
VAN

[This message has been edited by VNGNTN1 (edited March 16, 2004).]

IP: Logged |

Bob Frey
Member

Member Rated:

posted

The lawyers will get most all if not all of any money.

IP: Logged |

Machiavelli
Member

Rate Member

posted

I thought lawyers only get like 1/3 of any settlement ... and rest are divided among the shareholders in the suit? ....

IP: Logged |

Bob Frey
Member

Member Rated:

posted

1/3 is the sumthin sumthin ( Fancy words ) but it can and is often more as they take expenses and such.

IP: Logged |

Machiavelli
Member

Rate Member

posted

Well i would assume that the plaintiffs would sign a agreement with a attorney as to how much they are entitled to in fee's etc.. i know i wouldnt sign any paper with a lawyer if they want more then 1/3 .. lots of law firms out there who will agree to 1/3 only just to get your business & publicity.. lawyers are like daytrading.. bid, ask, offer etc.. lol

IP: Logged |

Printer-friendly view of this topic