good evening. major class action lawsuit has been filed in what could turn out to be the largestxd security fraud in state history. story the i team first broke last we can and reported to you. thousands of investors are out more than 700 million dollars. hears dan with the latest on the case. reporter: yoko is a named plaintiff in the class action lawsuit. she says walter inc. personally guaranteed he would protect the investment she made with his real estate fund to care for her 24-year-old autistic daughter lisa. i told him that this is not just my life. this is my, my daughter, her future life. he said don t worry about it. reporter: but withening company in default the lawsuit says about 2800 investors are out more than 700 million dollars. and yoko is frantic now that the 4 50,000 dollars she invested for her daughter special needs trust is gone. if even the business still people have to have morality. that s my word. reporter: lawsuit names the family company
just lost 10% of your nest egg and who knows what happens in the next few days. maybe you ll buy some stocks cheaper now and gas prices are going down, that s another good thing, but for most people it s a wash. and i did find some optimism today. when wall street cuts and rains, main street gets clipped too. boy, does it. johnson and his stock did. they ve been down 15-20%. not that unusual. not enough to stop getting a hair cut at the barbershop in palo alto, and not even enough to get concerned. i feel confident we ll be okay. reporter: they have seen recessions come and go. you know, my stocks are bought for the long-term. reporter: but not everybody is that smart or lucky and has time to wait for a rebound and that is what scares main street. will companies hire not knowing what will come next? what will mortgage rates do? how will credit be effected? all questions venture capitalist butch johnson has seen in the recessions he s lived there. i ve been doing
you can see it from my house you can see it from my house. it s right there. sarah palin in the south bay to pump up voters before the midterm elections. good evening. lisa is in san jose tonight. palin visit kicks off several days of visits by heavy hitters campaigning for democrat and republicans. that is very true. sarah palin is here at very important time and she came with a message. she s not the only one. all the parties are using this time to get their election message out. november 2nd is right around the corner. i can see from it my house. it s right there. reporter: elections are just 19 days away and sarah palin is calling for action. we have got to change directions. we have must step up to the plate. and win the big game for the little guy. the milt class. unemployed. over taxed. reporter: the tea party poster child isn t running for office. she didn t share the stage with fellow republican like carly or meg whitman but instead assistant politica