RE:RE:How Many Summons Were Served on Concordia Last Week?Class Actions moving along nicely. Check the Dockets Mr. Securities Lawyer! Initial Conference hearing is set for October 5th. Law firms are going to go for punitive damages on this one.
Investors should be asking themselves why Concordia was trying so hard to sell its company at such a depressed level and "buyers" have left the building.
Shareholders: It costs you nothing but a small amount of your time to join these class actions. You can sign up in less than 15 minutes directly on most sites. You have nothing to lose, it costs you nothing but your time.
If the firm is unsuccessful, you pay nothing. If the firms is successful, you get a % of the settlement. The Class Action will move quickly to advance before a meeting of the corporation's creditors. Lumberfeverlong wrote: No law firm will undertake this for the principle involved. I'm not sure who you work for, but based on your posts, you seem to have a vendetta against the company. Do you work for a competitor? A generic competitor perhaps? In any event, most law firms issuing releases are ambulance chasers. Do not Instill false hope in the countless shareholders who lost their hard earned money here. These cases take years and there is no guarantee of full recovery, if at all.
quote=GenericAdvocate]Investors in Concordia do not have to worry about mortgaging their house if they sign up for a class action. The plaintiffs do not personally assume the financial risk of the litigation process, the law firm does. Class Actions are a mechanism to provide access to the courts for claims that are too small to be prosecuted on their own. There are some peope who do class actions for the money. But most do it for the purpose of the issue that is involved, and the harm its caused fot the people they represent.
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