OT - GE Securities Litigation

Posting this OT topic here as the GE board is closed and there may be some folks here that may qualify for this class action suit. I received a postcard in the mail yesterday informing me of this class action against a number of defendants who are officers of GE and it’s subsidiaries. The class action filing reads like one false statement made by management after another.

https://www.generalelectricsecuritieslitigation.com

I wonder how many other corporate executives are bending the facts every day in and out like these folks were doing?? Or did these folks not really know the details of what was going on under the covers of the financial arm of the business?

'38Packard

  • not expecting to get more than $1.15 from the proceeds of this class action :wink:
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I wonder how many other corporate executives are bending the facts every day in and out like these folks were doing??

My basic assumption is all CEO’s lie, for their own benefit, all the time. I remember what a great line Rich McGinn spun about Lucent…and he never spent a day in jail.

Steve

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This is on-topic for METAR since discussions about companies is part of our purpose.
Wendy

Be sure & send Jack Welch a [belated] Thank You card!

https://en.wikipedia.org/wiki/Jack_Welch

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