Thursday, January 27, 2011

Lehman Sued by Pulsar on Claim $450 Million Was Looted

Lehman Sued by Pulsar on Claim $450 Million Was Looted

Why do you want to sue a bankrupted company? How much money can you actually get back from this litigation activity. This is probably a nonevent for the market. I just find it sad for the sueing company...It may look good on the paper seeing that they can get some money back, if they win the lawsuit.

Most likely the amount they can get back will not even cover the cost of lawyer. So why do they bother? Overall the banking industry in the stock market is up a little. But not as much as the technology sector. Good thing that I bought technology stocks. I think in a week or so, I will buy into banking stock shares again.

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