[Liz]

The complaint alleges that the defendants reaped nearly $1 billion by selling shares while using "tricks, contrivances and bogus transactions" to inflate the company's shares, according to a statement issued by Milberg Weiss, the law firm representing the (University of California and Amalgamated Bank's Longview Collective Investment Fund).

Not philanthropic Ted Turnip? Please, say it isn't so.

[Support Free Republic]

These Guys Don't Want You To Donate!
	Tick them off! Donate Here By Secure Server Or mail checks to FreeRepublic , LLC PO BOX 9771 FRESNO, CA 93794 or you can use PayPal at Jimrob@psnw.com
STOP BY AND BUMP THE FUNDRAISER THREAD- It is in the breaking news sidebar!

[PianoMan]

The title of this article is sensationalistic (not meant to criticize the poster of the article). The SEC needs to accuse them of insider trading for this to have any criminal implications. Now that would be a big deal, not that this civil suit will be anything other than a major headache.

[TenthAmendmentChampion]

I think it's a fairly standard procedure to name top executives in lawsuits of this type. We'll see if TT gets the same treatment that Ken "Enron" Lay got in the press.

[AmusedBystander]

That's probably why Turner recently moved his residence to Florida where he can keep his house in case of bankruptcy or civil judgements.

[big bad easter bunny]

If my portoflio manager put that much of my money in one company I would have his ass in court!

[eureka!]

Bump

[Uncle George]

Martha and Ted should have Hitlery introduce a bill to get them off the hook, huh. (Like comics are for the kids)

[Mo1]

Well this should be interesting to see the outcome

BTW .. Reuters is very misleading in it's headline

[tuna_battle_slight_return]

"You've got lawsuits".

The only executive more terrible than Steve Case is Michael Dell. Dell's F- customer service is a joke. Good product; awful service.

[Gasshog]

OMG!

Does this mean we'll lose Cartoon Network, Ted?

Say it isnt so!

[ken5050]

Notice where the suit was filed: California State Supreme Court....

[unspun]

"This is a part of the IT gods' strategy to release Mozilla and Netscape from the clutches of AOL."

Joe Bits
Internet Geek

[Prince Charles]

I said goodbye to AOHell in 1997 and haven't looked back.

Cheers.

[Grampa Dave]

Remember my comments about the left wingers eating each other up when their cash cows dry up.

Just look at one of the groups filing this suit:

"The University of California, which said it lost $450 million in its investment in the world's largest media company, and Amalgamated Bank's Longview Collective Investment Fund said in a statement they filed the suit in California state Superior Court in Los Angeles."

Did CNN have embedded employees in the U of California?

[Salvation]

Calling the Securities and Exchange Commission!

[<1/1,000,000th%]

More Democrats who think the law applies to everyone else. Big shock.

[Dan from Michigan]

I had to check and see if it was one of the Levin Brothers here in Michigan.

[George W. Bush]

Indict Ted. Pretty please.

[ampat]

Gee, its gettin' real hard to make an honest dollar.

[Beck_isright]

12 years from now, Richard Eason will state that CNNfn knew all about this but to protect their embedded reporters at AOL headquarters and their famlies, they elected to spike the story.

V