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