A couple of them would file preemptive lawsuits as soon as a firm's stock price dropped by a certain amount.
He said he's met a number of securities class-action lawyers.
(NASDAQ: VTSS) Bookmark the list - I'm sure it'll grow quickly. At a recent conference, I was talking to a friend of mine who's done quite a bit of corporate governance work.
In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g.This fact is often used as a reason to downplay the seriousness of the issue.You’d think that shareholders wouldn’t tolerate the use of accounting sleight of hand to compensate executives while bypassing the traditional “selling, general, and administrative” line in the income statement.Securities Litigation watch has been keeping a list of firms that have been hit with securities class action lawsuits. But if they are, I'd expect the postdating-related floodgates to open wide in the next couple of months. Here's what they have on the list so far: * American Tower Corp (NYSE: AMT) * Brocade Communications Systems (NASDAQ: BRCD) * Brooks Automation, Inc (NASDAQ: BRKS) * Comverse Technology, Inc.