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Politics : Formerly About Advanced Micro Devices
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To: Scot who wrote (108829)5/1/2000 4:14:00 PM
From: Jim McMannis  Read Replies (1) of 1576346
 
Scot,
RE:'I don't disagree with you about the tobacco cases. Those were money grabs by trial lawyers; the states willingly went along because of the $$. Nobody likes cigarette companies and no one is crying any tears for them or the prospect that people may stop smoking because of higher taxes (a somewhat dubious principle behind the settlement).

But tell me what the states receive out of MSFT breakup? And two, where are the trial lawyers? I don't think this situation is anyway or how comparable...unless the suggestion is that because lawyers and the government are involved...that we should be read between the lines.
"

The states will want money for damages. The states will employ litagation (trial) attorneys who will want do it for a percentage. They are licking their chops now. This is what happened with the tobacco companies.
The state of FL didn't willingly give the attorneys what the wanted but the attorneys had made a deal for what percentage they got going in. When the settlement came down the attorneys were supposed to get a $billion...yes one billion dollars. 10 Lawyers. Turns out the state didn't make a very good deal and tried to re-nig. They had to sue the state. Settled for less but still came out smellin' like a rose. The gist was that the state was stupid to even give the Lawyers a percentage, should have been a flat fee.
But we have Lawyers regulating Lawyers.
You think this is bad...if this goes through...dreams of sugar plums like AOL, CSCO, SUNW and Intel will be in their minds while they sleep. The key to all this is "what can we get on someone with BIG pockets"...this is the way Lawyers think.

Jim
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