BP Stock

[adamsfence]

i heard on walton and johnson this morning that bp stockholders are suing bp (don't know how this is possible) they said they was missled by the mangement. they were told not to sell because they were equiped to handle this. and now there screwed

["W"]

You can't sue for the market falls...call Enron employees

[adamsfence]

http://www.winnipegfreepress.com/bus...-94564059.html

["W"]

Originally Posted by adamsfence

http://www.winnipegfreepress.com/bus...-94564059.html

Dont see that holding water.....You take a chance with the market...its like the lotto..... I mean if you loose your azz it ok to sue for the lost?

[adamsfence]

i don't know nothing about stocks......just relaying message

["W"]

Originally Posted by adamsfence

i don't know nothing about stocks......just relaying message

I hear ya....I will keep a eye on that.........I would like to know if they succeed...

I know Enron try to sue but if I remember right the judge dismissed the case

[mikedatiger]

Originally Posted by "W"

I hear ya....I will keep a eye on that.........I would like to know if they succeed...

I know Enron try to sue but if I remember right the judge dismissed the case

There was a class action lawsuit for Enron shareholders and they paid out pennies on the dollar. In that case, the suit was over fraud. Don't think you could sue as a BP shareholder due to normal business operations.

I started off my career at the Crooked E...

[LaAngler]

what happens if they file ch 11? courts wont let them?

["W"]

Originally Posted by LaAngler

what happens if they file ch 11? courts wont let them?

http://news.yahoo.com/s/ap/20100602/..._bp_worst_case


http://www.marketwatch.com/investing.../BP/financials


BTW I bought at 29.09 and its over $33 today

[PUREBAY2200]

U can sue and advisor for mismanagament of funds.... Like if information was withheld concerning the prospectus or overall earnings.... Can't sue a company and recoop all Ur losses.
And x2 on the market being a roll of the dice.
That's y u gott have Ur retirement $$$ spread out between guaranteed growth and non guaranteed growth.

[Dink]

If execs told investors they had it covered so they wouldnt sell, I say fraud...........If they didn't I say tough luck............