Attend Hearing 8/20 at 11:30 AM, Sign petition, Hire attorney if loss is big enough, Objection Filed by montraj
I will answer some common your questions, but first:
Our best hope is for the Indepandant examiner to fully vet the past 9 months, SEC and other agencies investigate, detemine where the assets went and obtain a full disclosure of what the relationship( s) are between: vendors, affiliates, partners, Hedge funds, current, past, and interim management, etc.
I. Shareholders - Attend August 20 Court Hearing 11:30 AM at 824 N. Market St, 6th Floor, RM 1
All Shareholders that are in the Northeast, (anyone that had shares after the Chapter 11 filing July 7, 2008) MUST attend Wednesdays's Court Hearing in Delaware
Details:
US Bankruptcy Court for the District of Delaware
824 N. Market Street
6th Floor, ROOM 1
Wilmington, DE 19801
302-252-2900 (main)
302-252-2887 (helpdesk)
Re: Chapter 11 filing for Syntax-Brillian Case No. (08-11407)
When you attend, Sign in, and sit in front to hear everything. Prepare a statement for the record regarding your suspicion of fraud and lack of financial accountababilty, etc. and the need for an Indepandant examiner to fully vet all thats happening in the past 9 months.
II. Need more New petition signatures (owned shares on July 7, 2008)
Also: I want to emphasize that need more NEW petition signatures (again if you owned shares on July 7, 2008, please sign). To make our case for a "BRLC Shareholder Committe" in the Chapter 11 filing. We have over 570 Signatures so, far!
www.thepetitionsite.com/1/block-round-2-syntax-brillian-brlc-chapter-11-filing-by-the-court
III. Join the other "Deny BRLC" group so we can collaborate
Also please join the other "Deny BRLC" group so we can collaborate in a more effective way: http://www.care2.com/c2c/group/BRLCDenyChap11 click join now, and see the discussions.
I will post this whole summary on www.care2.com/c2c/group/BRLCDenyChap11
IV. Does it matter if you sold your BRLC stock after the BK announcement?
Regarding whether you will receive anything if you sold your BRLC stock after the BK announcement?
My understanding, is that you will (likely) get something from the class action suit(s) being filed regardless of when you sold. The caveat is that it may take 2 -5 years, and be a smaller percentage than filing individually, with an attorney.
The short answer, is probably, yes, but the bigger questions are:
Can I be part of class action, and also file individualy, with an attorney? My understanding, is that you can be in either, but not both. Individually, it will cost you out of pocket expenses of 3 - 5 k, typically.
How much may I get back? Class acction, you will get less, than if you file individually.
How long will it take? Individual suits (if you file one with any attorney, will be settled before class action, typically less than a year. Class action , 2 - 5 years, in all likelihood.
What do I have to pay/or do? Cost for a deposition from you in your town which could cost you $3000-$5000. You will get re-imbursed should he win the case, I believe.
Is it worth pursing my own case, as well? Only if you have more than 60k in losses, otherwise, remain with the class action (a longer wait, though)
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V. Firm leading the Class Action gainst BRLC - No action needed by shareholders
Here is the link to the firm leading the Class Action: webiste is : www.csgrr.com
Source: http://messages. finance.yahoo. com/Stocks_ %28A_to_Z% 29/Stocks_ B/threadview? m=tm&bn=24145&tid=374732&mid=374755&tof=-1&rt=2&frt=2&off=1
" Coughlin Stoia Geller Rudman & Robbins LLP represents consumers and investors in class actions where Coughlin Stoia bears the burden of all costs, expenses and the risk of losing. To request more information, participate in a class action, or report a fraud, select one of the forms below or give us a call.
By Phone:
(US only toll-free) 1-800-449-4900
(Outside the U 619-231-1058 "
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According to whats been posted, you would likely get a bigger and more timely return, from an individual claim, but according to an attorney, I contacted, unless your losses are 60k or more, it may not be worth while to pussue individual action.
Here is the post from the yahoo! message board (Source): http://messages.finance.yahoo.com/Business_%26_Finance/ Investments/Stocks_%28A_to_Z%29/Stocks_B/threadview? bn=24145&tid=374732&mid=374778
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"As part of the class action (and not pursue individual claim), there is no charge for anything. However, if you pursue an individual claim as many shareholders in your situation are, Lee Squitieri or anoter atty, can also represent you on a contingent basis (in Lee's case, if he doesn't win he doesn't get paid).
However, you will have to pay certain travel fees for him to come take a deposition from you in your town which could cost you $3000-$5000. You will get re-imbursed should he win the case I believe.
All this is my understanding, you need to confirm with him or other attorney. I have not signed with an attorney yet but am considering it seriously. I recommend you call him tomorrow to get your questions answered. "
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Source: http://messages. finance.yahoo. com/Stocks_ %28A_to_Z% 29/Stocks_B/threadview?m=tm&bn=24145&tid=374312&mid=374312&tof=-1&rt=2&frt=2
"Squitieri: Thank you for the update. We have been following events since we filed the cl
cont'd . . .Squiteiri contact info
8 days ago |
"Just received this email from my inquiry: Thank you for the update. We have been following events since we filed the class action. We were not named as lead counsel of the class action and that has freed us to take cases on an individual basis. In our past experience we have been successful in settling individual claims on behalf of investors at a higher percentage of loss than the usual class action. It also takes much less time to get paid when an individual settles his/her claims than when a class settlement is achieved. We have been retained by several large individual investors whose losses exceed 100k and into the 7 figures of losses. We have been retained on a contingency basis at a retainer of 10%, 30% and 40% of the recovery depending on the stage of the case when the claims are settled. We are advancing all expenses except investors individual expenses of travel and deposition transcripts ( approx 5-6k total )subject to reimbursement only from any recovery. With losses of 60k, you,like others who have consulted with me, may choose to remain solely in the class action already underway so as not to expend further monies. Please feel free to contact me if you want to discuss this further. You may of course pass this on to any investors you think may be interested.
Thank you
Lee Squitieri
Squitieri & Fearon,LLP
32 East 57th Street
12th Floor
New York, Ne212 421 6492
Email: lee@sfclasslaw. com w York 10022
Our best hope is for an Indepandant examiner to fully vet all thats happening in the past 9 months, have the SEC and other agencies, detemine where all the assets went, and obtain a full disclosure of what the relationship( s) are between: vendors, affiliates.
Contact me at amramr2@gmail.com

