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Legitimate Lawsuit »
« Nail in the Cofffin?!?  
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dbarc

join:2000-01-22
Fort Wayne, IN

What REALLY REALLY irks me...

is that the suit is against Covad when the complaint is really against actions by the Underwriters. Covad isn't the first to run into this problem. While some Underwriters may do some things that I would consider to be less than above board (and ethically, completely underhanded, IMHO), the actions are THEIRS (underwriters), and not the company. They likely didn't even know the actions taken. I believe RedHat is also finding itself in a similar position.

Why don't these jerks go after the Underwriters? It seems if there IS a problem legally, they are the cause and should be the defendant. I can only guess because some that I would consider more unethical than the underwriters is that they might have a little more legal incentive to fight harder and longer to insure they won (as Underwriters would have potentially a LOT to loose if they just settled). sleaze and greed surface yet again.

Anon
They are going after the Underwriters. The defendants are listed as Covad Communications Group, Inc., Robert E. Knowling, Jr., Charles McMinn, Timothy Leahy, Frank Marshall, The Goldman Sachs Group, Inc., Credit Suisse First Boston Corporation, and Morgan Stanley Dean Witter, Incorporated.
Forums » Class Action Lawsuit Against CovadLegitimate Lawsuit »
« Nail in the Cofffin?!?  


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