Garth MyersI have quickly looked a little more into this Garth characters dealings and it seems that these class actions are his and his law firms main business. They have done a whole raft of them in the recent past. Their latest seems to be against Ivanhoe which they seem to be proceeding with with absolutely no evidence . There charges are all conjecture.
I read in one of their class actions their contingency is 33 1/3% of any possible 'winnings' , plus disbursements , which can be huge and can take up most all of the rest of the 'winnings', and often do , in my experience of class actions.
What these vulture law firms hope for is that the company just settles in order to limit the damage that these law firms cause, often on zero evidence, and the huge nuisance they cause. The settlement is almost always just enough to make the lawyers happy, but can be in the millions.
I suggest that anyone who is a shareholder of EDV to write , or phone, some strongly worded response, to: Garth Myers
garth@kalloghlianmyers.com
647-969-4472
My own response included some threats, but kept them just this side of what I hope is legal