eBay

[Chris Beggy]

pms wrote:
> 
> Hey Dougdaddy,
> 
> What I don't get is way I don't hear about law suits against these brokers.
> Even with the disclaimers.  Folks are constantly bringing suit against
> companies for making them lose money. Everyones suing Compaq for leading
> them down the primrose path preceding the real bad earnings report.  Do any
> of these suits succeed, do you know?
> One of my greatest stock market dream disappointments was finding out that
> you could "discover" a great little, money makin' company, with a PE of 9,
> (and an internet site) and no one was bothering to buy it.
> 

Disputes with brokers are often settled by arbitration.
Agreement to settle this way is often a condition of
the brokerage account.

Shareholder suits are common, and occasionally successful.
William Lerach is the name I am most familiar with:

  http://www.milberg.com/

and to hear him tell it, the lawsuits are frequently
successful.

Chris