Representative Actions

Nothing would stop other groups launching their own RA's, however that is pretty much academic know. The majority that signed upto the SOA signed their rights away to this course of action upon signature and those that opted out have already taken the rquisite action. There is still a number of shareholders who chose to neither sign the SOA or actually opt out, god knows why. However, they would be at liberty to take a similat action, although I doubt very much if they could get their solicitors and counsel working on a CFA basis so you pretty much have what you have now. As for Rybak, I cannot understand on what basis Rybak could ever take a claim out agiainst LGB when he is clearly the chief perpetrator of the fraud!! That one is beyond me.

Wiganer, you need to try and forget about the RA being small and concentrate on the fact that by giving shareholders the chance to Opt Out, DB made us creditors of LGB and therefore, we rank higher than shareholders when it comes to a payout. Parri passu with DB and Jones Day, unless they are considered preferential by the court. Jones Day maybe so. The fact that we are creditors is the key fact and points of law are settled on just that, not the fact that in order to get the SOA through the 'dissenters' were given a higher ranking than the majority by its' own architect. If you accept this, then everyhting else falls into place.