Do other public companies issue a PR when sued...these 3 didn't....

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kiddtrader

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Do other public companies issue a PR when sued...these 3 didn't....

posted on Feb 19, 2008 09:28PM

Ok, just for the hell of it, I looked up 3 companies that I believe most will agree are reputable companies that have been sued in the United States District Court of Northern California. All 3 were defendants.

Leung vs. Apple – filed 08/13/2007 – No Apple PR notifying shareholders of litigation.

http://finance.google.com/finance?q=...

Wang vs. IBM – filed 09/21/2007 – No IBM PR notifying shareholders of litigation.

http://finance.google.com/finance?q=...

Brazil, et all vs. Dell – filed 3/23/2007 – No Dell PR notifying shareholders of litigation.

http://finance.google.com/finance?q=...

These were the first 3 I looked up, randomly, not having any litigation knowledge or ownership of shares of any of the 3 defendants. It looks to me that it is common practice to not issue a PR as soon as one is listed as a defendant in a case. C’mon people, let’s not make a mountain out of a mole hill. And some wonder why I didn’t bring this info to the board last week without having more knowledge. Hopefully tomorrow brings a new topic.