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Well, it’s hardly surprising that lawyers want to sue somebody. They don’t get paid the big bucks unless they spend lots of time doing something, even when they lose.
Find out who the attorneys are, who in the firm donated to whom and you will find the answer. If a judge has already found that there are no perceivable damages and the litigation is re-filed, someone is dissipating the pension fund’s assets and violating his fiduciary obligations. Some other pensioners or trustees of the fund should sue both the attorneys and whomever hired them.
It’s all about the billable hours.
Stupid case, but since AlGore is on the board of Apple, maybe not so bad.
Do union members ever stand up on their hind legs and swat their officials.
Judge Jeremy Fogel of U.S. District Court in San Jose, Calif., said the New York City Employees' Retirement System could not sue Apple over backdating stock options. Because Apple's stock has soared in value in recent years, Judge Fogel ruled that NYCERS hadn't suffered damages. He advised NYCERS to join a derivative suit, on behalf of the company, which would mean plaintiffs would not stand to receive payouts.See, now that makes sense. ;')