Dr. Juneja can you tell us more about
what you mean when you say investor
losses and how that differs from
straight damages so I touched today on
the different things that one can do to
get to an accurate damage number
investor losses is something that we
used to calibrate thousands of different
cases that we track in terms of their
dispositions and their settlements and
as I said it's a rough proxy for damages
but it's not equivalent to damages so
what we do is look at the market
capitalization loss or company adjusting
for what would have happened if the
investor had invested in the sp500
instead of the company at issue now
obviously you can invest in some company
and make less money than you would have
by investing in the S&P 500 and that
doesn't mean that an investor is damaged
or harmed by fraud but it's just a way
of scaling the numbers that you would
get if you calculated the losses over a
particular class period for a particular
company Lori Mims I haven't forgotten
about you does the timely filing of the
class-action suit stop the running of
the three-year time limit for individual
class members to bring their own claims
under Section 13 to the Securities Act
it does not as to the statute of repose
which is the three-year time limit in
the in the 1933 Act it does toll as to
the 1-year statute of limitations and so
the statute of limitations is when the
individual plaintiff knows or with
reasonable diligence should have known
of his or her or its injury and under
the Securities Act the 1933 act that
claim would have to be brought within a
year and so it does still toll that
1-year statute of limitations but it
does not toll the 3-year statute of
repose
