George Normandin wrote:
Walmart is not a Respondent in the action, afaik. It has been
noted,though, that Microsoft was in line to become dealer in bogus RC
telescopes. Deep pockets:ask Ballmer... ;-)
"William Hamblen" <> wrote
I just don't understand how they intend to benefit from suing dealers.
Bad karma there, man!
The dealers also are alleged to be committing the civil wrong. The
lawyers will go after as many as they can with as many legal theories
they can muster. They'll just have to fight it out in court. I
think RCOS is wasting its money on legal fees myself.
If they're suing all Meade dealers they may have some real resistance.
According to the "Company 7" website over 80% of Meade sales are to
Wal-Mart. Picking a fight with Meade is one thing, picking a fight with the
"Wal-Martians" is quite another.
Perhaps the idea is that a lawsuit against Meade, along with all of Meade's
other problems (multi-million $$ loss, back-dated stock options fraud
investigation) will be enough to scare off schools, and other big
institutional buyers. With the drop in Meade stock and their other legal
problems this suit could give the impression that Meade might not survive.