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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.04-1.4%Nov 17 4:00 PM EST

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To: John Hunt who wrote (45881)12/11/1999 12:29:00 PM
From: John Hunt  Read Replies (2) of 116762
 
Fearing glut of lawsuits, companies endorse dispute resolution (Y2K)

<< (AP) -- Anticipating a glut of Y2K-related lawsuits, lawyers and businesses in the United States, Canada, Great Britain and other countries are agreeing to try to negotiate or mediate disputes before going to court.

More than 550 businesses, governments and industry groups worldwide have signed the Millennium Accord, which commits them to spend three weeks negotiating problems and going to mediation if unable to reach a settlement, according to sponsors of the agreement.

Signers of the measure sponsored by companies and dispute resolution groups retain the right to legal action, but will first look for alternatives to costly and time-consuming court cases, supporters say.

Litigation costs linked to turn-of-the-century computer problems could exceed $1 trillion, according to various estimates. >>

... cont'd at ...

sfgate.com

Good times ahead for the mediators and the lawyers.
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