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Well - I'm not going to fight about the US legal system in general (I think there are
some good things about it - and some bad things). But I will say that I'm familiar
with the law firm which filed this lawsuit - Milberg Weiss. I (and other Fidelity fund
traders) had some problems in the recent past with Fidelity's use of "fair value
pricing" of its international funds. When I wanted to discuss the possibility of a
lawsuit - Milberg Weiss was the firm I called - because I think it's the best class
action securities firm in the United States. And I was very impressed by my dealings
with the firm.
No one here has to take my word for it (even though I'm a retired lawyer whose clients
were mostly other lawyers). The firm maintains an excellent Web site where it
publishes a lot of the documents it files in court. So read for yourself. Note that
the Web site also has some very interesting stock charts. Robyn
hans esser wrote:
> ....and you know why that is ? Not as whoever is right or wrong,
> but because of your law/legal system in your country, where every
> monkey can sue if his bananas didnt taste and will win 6 digits $$$.
>
> There are too many bogus lawyers around, pushing every rubbish
> claim, if they get a nice cash advance (and a nice profit share in
> case they win)...
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