Ibill class action suits...????
 

uh.. I was just checking out ICPT's stock price & news for the day... is it my imagination or are there 5 seperate class action lawsuits being filed against Intercept? (Ibill)

Damn. This sucks - for everyone.

Especially them I guess. But IF they ever have to go down, they are going to take a lot peoples money (via potential rebills and reserves) with them.


Wait let me sort this out...

March 3, 2003:
Atlanta Law Firm Chitwood & Harley LLP Files Class Action Lawsuit on Behalf of Purchasers Of Securities of InterCept -- ICPT

March 4, 2003:
Milberg Weiss Announces The Filing Of A Class Action Suit Against InterCept, Inc., John W. Collins, G. Lynn Boggs, Scott Meyerhoff and Garrett M. Bender

March 4, 2003:
Cauley Geller Announces Class Action Lawsuit Against InterCept, Inc. on Behalf Of Investors

March 4, 2003:
Shareholder Class Action Filed Against InterCept, Inc. by the Law Firm of Schiffrin & Barroway, LLP -- ICPT

March 4, 2003:
Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against InterCept Inc. -- ICPT

March 13, 2003:
Law Offices of Brian M. Felgoise, P.C. Announces Class Action Lawsuit Against InterCept, Inc.

March 13, 2003
Atlanta Law Firm Holzer Holzer & Cannon, LLC Announces Class Action Lawsuit Against InterCept, Inc. on Behalf of Investors -- ICPT

March 14, 2003:
Class Action Lawsuit Commenced Against InterCept, Inc. by Bernstein Liebhard & Lifshitz, LLP

March 14, 2003:
Landskroner - Grieco, Ltd. Announces Filing of Class Action Lawsuit Against Intercept -- ICPT

March 18, 2003:
Vianale & Vianale LLP Announces Class Action Lawsuit Against InterCept, Inc.



Holy fuckstick!

Thats 10 seperate class action suits??! Obviously these attorneys think this is "easy money" since so many of them are jumping on the same bandwagon.


Damn :( This sucks.

yes, from the day they bought ibill.com they got stronger day by day ... to bad I didn´t buy myself in ...

<img src="http://chart.yahoo.com/c/1y/i/icpt.gif">

whoa... bad news for those who have tried to stick w/ iBill..

http://twash.com/temp/moe.gif http://twash.com/temp/moe.gif http://twash.com/temp/smiley.gif

Bad news for me :(

I wanted to make sure funkmaster wasnt out of line with that chart... I compared their performance to nasdaq (since I felt the market has been bad overall.... not fair to just say it was ICPT only)

http://ichart.yahoo.com/z?s=icpt&c=^...m&l=on&z=m&q=l

But damn. Market seems pretty flatline during that time period.


Err no that chart above isn't very fair either.. its a 3month I think. that big dip is when they reported the missed earnings due to the Ibill/Visa registration problems.

very sorry to hear, i hope it all works out. you should definitely be looking at other processing options, even if it only to have waiting in the wings..

Argh. I'm sort of mad here.

Ibill was like the most solid billing company for the longest time.

Companies get fucking RUINED when they go public.

Seems to happen like all the time now.



Don't get me wrong tho, we and everyone we know with IBill got our wires on time this period :thumbsup

But with all this pending legal BS, they must be dealing with a lot of headaches over there.

I really hope they can work through it and keep it together.

Damn..

Nah we're done with adult for the most part.

Just supporting the existing members these days.


But it just feels like alls bad in the adult world right now.

Lets see.... theres 3rd party problems, visa/mc regulations, Acacia trying to attack everyone, bad political environment, and everyone & their 16yo brother runs 12 tgps, 42 paysites & 4 sponsor programs.. ah and the fact that my grandma gets no less than 29 ads to lengthen her penis & view 'the hottest animal porn on the net!' every day probably isn't helping the industry much either.



Taking all that into consideration, it just doesn't seem like the best industry for us to be in anymore :)

Going to be swimming in the mainstream sooooooooon.

So what does this mean for affiliates of companies who use Ibill?