[Howlin]

Now, Cheney left Halliburton in July of 2000.

What do you all make of this post:

To: PhiKapMom; Miss Marple

I just read the 40+ page complaint which is on JW's website. There are two sets of Plaintiffs -- Stephen F. Stephens from Indiana and Lyle and Deanna Lionbarger from New Mexico. You have to get to paragraphs 102, 105 before they even mention what the Plaintiffs' claims are.

Stephens bought 500 shares of Halliburton stock on November 15, 2002 [??? is Miss Cleo his broker?] for $21.11 a share for a total cost of $10,685. The Lionbargers bought 100 shares for $12.22 on January 24, 2002 for a total costs of $1,222. [Halliburton stock is currently trading for about $14.00 a share.] They are each seeking $200,000 in puniive damages. They claim that Texas law applies.

They don't claim that they sold the stock for a lose, and of course the Lionbargers have a gain. I don't know how you can sue for your loses when you have a gain. Be interesting to see if they bought through a broker and if so what he has to say about this "fraud."

63 posted on 7/10/02 1:53 PM Eastern by Iwo Jima

[Miss Marple]

Why would they have the standing to sue Cheney if he wasn't even CEO at the time they purchased stock? This whole thing is very weird.

I am going to have to go to bed soon. I took sinus medicine an am getting drowsy.

[terilyn]

My take is that Larry went hunting for some investors that were stupid enough to believe that he could get them some money. The whole freaking country is lawsuit happy.

One of these plaintiffs doesn't even have an realized loss yet, and the other one has an unrealized GAIN.

Larry must have worked long and hard to try to come up with somebody, anybody, that would be stupid enough to sign on to be part of this idiocy.

I hope they aren't expecting to actually get anything out of this. Nobody ever does.

[VA Advogado]

LOL With Klayman's logic I can sue any one of the SP 500 companies since my index shares took a beating today. What do you expect from a guy that sued his mother.

[Iwo Jima]

"What do you all make of this post."

I'm thinking how embarassed I am that I can't spell "loss" or "losses."

[Madame Dufarge]

Howlin, I wanted to read the remainder of the thread before I expressed my opinion not as well as someone else.

See reply 121 by San Jacinto - I think he hit the nail right on the head.

Klayman's counting on knee-jerk reactions by Dems who won't take the time to figure out that Halliburton's accounting was completely unextraordinary. Why should they? Victimhood and anti-capitalism is all.

Klayman's got a ready-made audience and he knows it.

In my opinion, this idiotic lawsuit is going nowhere - like Larry cares as long as the check clears.