Re: Class Action? Here is a firm that works on contingent fee basis

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shboomer

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Re: Class Action? Here is a firm that works on contingent fee basis

in response to

Class Action? Here is a firm that works on contingent fee basis

l2007s

posted on Mar 03, 2014 10:02PM

The problem is that Class Action defense would be paid out of PTSC funds - our equity.

I maintain that we really need to get at the root cause, starting with Carlton Johnson since he is the PTSC-paid (our money) representative at PDS as well as the recipient of PTSC-paid (our money) Director stipends and expenses.

Can he can prove that he lost 1-2 in every Board vote (they did take a vote, right?) regarding corporate direction and actions that related to PTSC's litigation against TPL and to the resulting settlement which generated the revised "agreements" with TPL/Alliacense. If not then there is a chance that, somewhere in there, fiducial responsibility was lacking. Add to that, maybe, the way PTSC handled the "majority vote" fiasco and perhaps there's a case. There might well be more factors to the equation.