Comments on: Trawling for shareholder class-action clients https://www.overlawyered.com/2011/03/trawling-for-shareholder-class-action-clients/ Chronicling the high cost of our legal system Thu, 31 Mar 2011 18:48:54 +0000 hourly 1 By: Ron Miller https://www.overlawyered.com/2011/03/trawling-for-shareholder-class-action-clients/comment-page-1/#comment-117914 Thu, 31 Mar 2011 18:48:54 +0000 http://overlawyered.com/?p=22250#comment-117914 I could not agree more. I wrote the same thing here:

accidentinjurylawyerblog.com/2011/03/lubrizol_class_action_lawsuit.html

Yesterday, a Chinese company (ABAT) crashed and the same thing happened: a bunch of law firms announced their investigation. One article said “ABAT fell on news that ‘so and so’ law firm launched an investigation of them. Now that is not how it happened but it underscores the insanity. They can investigate all they want but I think they should gather some facts other than “there was a merger” before launching an “investigation” publicly.

]]> By: j-dog https://www.overlawyered.com/2011/03/trawling-for-shareholder-class-action-clients/comment-page-1/#comment-117909 Thu, 31 Mar 2011 17:44:23 +0000 http://overlawyered.com/?p=22250#comment-117909 Every single time there is a proposed merger, there are 2-3 law firms that investigate to see if they can squeeze anything out of it. And any time there’s the slightest hint of an accountancy problem, there are 5- firms that put out press releases saying they are investigating fraudulent activity. As a market watcher and part-time, minor investor, I don’t think these people are protecting me at all, but rather see them as a nuisance interfering with ordinary routine business 9 times out of 10.

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