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Are Class Actions really a benefit?

I find the concept of class actions in the case quoted of falling stock values very strange. So you take out a class action and win millions of dollars against the directors. Who don't have millions of dollars, so they have to dump shares, causing the share values to fall further. Can others then take out a class action suit against the original class actioners for causing the stock values to fall? Or am I just being silly(er)?

posted by : not set not set

10 Sep 2008 , 16:57

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US-style class action system neededsecure

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