Sell or sue?

Re “Class-Action Law Firm Indicted in Fraud Case,” May 19

This article states that this law firm “has helped investors recover more than $45 billion.” From where did they recover this money? It certainly was not recovered from the stock market where it was lost. It came from the equity of the corporations being sued. Who owns the equity? The investors. So, in effect, the investors sued themselves so they could transfer money from one pocket to the other. The lawyers charge a huge fee to make the transfer. They call it a recovery for the investors, but there is no recovery, and they are using the investors’ money to make it appear that there is. An investor unhappy with management or corporate policy has an easier remedy than suing: Sell.

CHARLIE MORGAN

San Clemente