Re: Class Action suit
in response to
by
posted on
Jul 28, 2017 05:52PM
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Even in the best of circumstances, the shareholders get next to nothing from a class action suit. The lawyers get it all, or at least 90% or more.
Tyhee is far, far from being in good circumstances. We would not get one cent. I doubt any lawyer would touch this on contingency as there are no asssets to go after.
For me, I am not interested in a class action suit. I would join such a suit if I don't have to lay out any money, but don't expect that to happen. I don't intend to lose any more money on Tyhee.
Now, I have a question. Has anyone contacted their broker about how to best to take a tax loss on a worthless stock? I hear that, as a favor to customers, some brokers are willing to buy a worthless stock for a nominal amount (like $10) in order to simplify tax reporting of the loss. Does anyone have any experience with this?