Comments on: Lawsuit Filed Against Palm for Stock Price Manipulation

A securities class action lawsuit was filed on behalf of everyone who acquired Palm, Inc. common stock between March 1, 2000 and December 6, 2000. The suit alleges that Palm executives and the companies that did underwriting for Palm's IPO conspired together to artificially drive up the price of Palm's shares.

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December 6, 2001???

I.M. Anonymous @ 7/7/2001 12:08:57 PM #

whoops

RE: December 6, 2001???

Ed @ 7/7/2001 12:23:35 PM #

Funny, that's actually the date on the announcement from the law firm. When I checked back they had issued an updated statement with the correct date on it.

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Nothing unusual

I.M. Anonymous @ 7/7/2001 12:38:01 PM #

These lawsuits are 10 a penny. Find any stock that flew up and then came down, and you'll find apparent ambulance chasing law firms looking to make a buck, and stupid investors not willing to take accountability for a bad decision ready to join up. This suit may be justified - I have no idea - but it's not unusual in today's equity world.

RE: Nothing unusual

I.M. Anonymous @ 7/7/2001 1:53:02 PM #

I hear there are many tech workers in general who are 'upside down' in their options meaning the current price isn't enough to pay the tax on the options when exercized.

RE: Nothing unusual

I.M. Anonymous @ 7/7/2001 2:02:13 PM #

I work for a tech company that has been the subject of a similar lawsuit. The ONLY people that win in this situation are the lawyers.

As far as stock options, I have over 20,000, and only a few thousand are "above water". The rest are so far underwater that there is no hope of them ever doing me any good.

RE: Nothing unusual

I.M. Anonymous @ 7/7/2001 8:00:28 PM #

That was ugly, you bigot.

RE: Nothing unusual

I.M. Anonymous @ 7/7/2001 8:54:50 PM #

Definitely below the belt.

RE: Nothing unusual

I.M. Anonymous @ 7/8/2001 1:12:26 AM #

It's not my website, but I see no reason not to remove that post.

RE: Nothing unusual

I.M. Anonymous @ 7/8/2001 2:19:37 AM #

Agreed.

RE: Nothing unusual

Admin @ 7/8/2001 11:20:37 AM #

I agree, bigotry will not be permitted in the comments in any form.

The said comment was removed as soon as it was noticed.

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RE: Nothing unusual

I.M. Anonymous @ 7/11/2001 9:02:54 AM #

Investors are not going to put themselves through the pain of a legal suit unless they are genuinely aggrieved. If so, then the shysters would be performing a public service. Not all legal cases are totally unfounded. (Mr Gates may have a different view.)

RE: Nothing unusual

I.M. Anonymous @ 7/11/2001 9:17:21 AM #

This is the last thing that Palm needs. Now, more than ever, their management needs to keep their eye on the ball. This case may use up a low of time and effort that would be better spent elsewhere. Let's hope nothing comes of this.