wrote in message
...

Oh boy do we need that here !

Vexacious litigants. What'll they think of next.



Hey look, if you wanted to decimate the share price of a company and thereby
profit from it (by shorting the shares), you could do well by launching a
Vexatious Litigation.

This happened to Gulf Keystone Petroleum recently, for example.
http://thesharehub.com/?p=5861

The court case ran for a few years, cost tens of millions, and those that
brought the non existent case eventually had to pay millions in legal costs,
because they just had no case whatsoever.
It was a punt.

In the meantime, Investors saw their investment totally decimated.

That is not to say that those bringing this bogus litigation may have made
many more millions than they lost by having prior knowledge that this case
was going to decimate the share price.
(Of course they would not make this knowledge publicly available as they
would find themselves in jail)



But there are lots of "backers" out there who are prepared to fund these
preposterous litigation cases, because the rewards of winning just one far
outweigh the risks of losing the other 99.
You can win that one you need on a technicality.

And if you are really clever, your backing company can be made insolvent by
the costs awarded against it for failing this bogus litigation, so you don't
even need to pay them.
Then you just start another backing company and have another bash.




I'm in the wrong job.




Gareth.