Suggestion: how to approach legal action

Dear Mr. Tan

I would like to suggest the followings:

1) Use the online petition, one for each product (Minibond, High notes ....), to gather all investors who are in favor in legal action

2) Call a meeting for all interested investors to have a preliminary discussion and to select a committee to conduct a feasibility study.

3) The meeting will identify the scope for the feasibility study.

4) The feasibility study may include :
a) study the sales brochures/newspaper advertisements/prospectus to identify common grounds for the law suit (consult financial experts/lawyers if necessary)
b) cost and return analysis
c) study other similar class action cases (US, Hong Kong, Taiwan …)
d) identify the parties for the law suit (Lehman Brothers, FIs, MAS…)
e) identify where to file the law suit (local or US)
f) work out an action plan

Pang

REPLY
I agree with you. I shall organise the survey (using online petiton) to gather the investors willing to take action.