Undisputed King of Class Action Lawsuits
May 2nd, 2003 by Nate
I’m also a member of the Sagent Technologies Class Action Lawsuit. A few years ago I followed a REALLY bad stock tip, and invested in these clowns (somewhere in the low thousands, I don’t exactly remember how much). My net investment 2 years later, after brokerage fees? -15 bucks. Ouch. So, as you can imagine, I get yet ANOTHER class action lawsuit letter in the mail (I think this time it wasn’t from Sagent it was actually from opposing counsel) stating that officers of Sagent had engaged in “violations of federal securities laws”. Seems to be a lot of that going around these days. Anyway, after court fees, I think I am getting back like 50 cents a share, or about 50 bucks or so (I think). If I had to guess, I’ll probably not see a penny of that money, and they’ll probably send me some coupons to dunkin donuts or something.
I don’t know how I get into these things.. I get class action lawsuit mail like every day, and I always get like checks for 15 bucks in the mail, or useless rebate coupons or whatnot.
