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It is currently Mon Jul 28, 2014 5:36 pm




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 Post subject: Securities Litigation Claims
PostPosted: Wed Jan 09, 2013 1:07 pm 

Joined: Wed Jan 09, 2013 12:57 pm
Posts: 1
Hey Guys,

I've been meaning to ask someone what I should do with these securities litigation letters I keep getting in the mail. We have our money in index mutual funds--we didn't buy the stocks in question directly. I suppose I've always sensed any settlement money would not justify the work involved in filling out the claim, but what the heck do I know? Any advice as to how to know whether any of these class action suits are worth getting involved in?

Thanks,

Wachula5


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 Post subject: Re: Securities Litigation Claims
PostPosted: Wed Jan 09, 2013 1:26 pm 

Joined: Mon Nov 01, 2010 5:15 pm
Posts: 1120
They're usually not worth the effort to get involved in. Sounds more like a fishing expedition by the lawyers to get more plantiffs involved so they fight for a larger settlement.


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 Post subject: Re: Securities Litigation Claims
PostPosted: Thu Jan 10, 2013 12:31 pm 
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Joined: Wed Sep 23, 2009 9:01 am
Posts: 5293
I agree with Tightwad. Usually you don't get much. I've filled out a few of these forms over the years mostly on principle just so the companies involved have to pay out more. I've never gotten much but I've received checks for $8-$20 on a half dozen occasions. I don't actually remember if any had to do with securities litigation though.


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 Post subject: Re: Securities Litigation Claims
PostPosted: Thu Jan 10, 2013 1:26 pm 

Joined: Mon Feb 07, 2011 6:33 pm
Posts: 1131
Location: Illinois
I stopped filling out those ( and all class action lawsuit forms) several years ago when the "settlement " I received from a lawsuit against either AT&T or Verizon wireless (can't remember who I was with at the time) was $10... Payable as a prepaid long distance card. Why would we need a prepaid long distance card when the cell plans in question included free long distance (all U.S.) calls?

The judge that approved that settlement should be removed from the bench.

I've only once regretted NOT taking the time. A lawsuit against the provider of my bar exam review course actually paid out about $200 each. I missed out on that one.


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 Post subject: Re: Securities Litigation Claims
PostPosted: Thu Jan 10, 2013 2:05 pm 

Joined: Tue Jun 30, 2009 9:44 pm
Posts: 275
Location: Atlanta, Georgia
bpgui wrote:
I've only once regretted NOT taking the time. A lawsuit against the provider of my bar exam review course actually paid out about $200 each. I missed out on that one.

Haha, I skipped that one, too! What a bummer.


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 Post subject: Re: Securities Litigation Claims
PostPosted: Thu Jan 10, 2013 3:43 pm 
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Joined: Wed Sep 23, 2009 9:01 am
Posts: 5293
Getting sued for charging lawyers... go figure.


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