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Strategies & Market Trends : Value Investing

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To: Tomato who wrote (11491)	11/28/2000 7:25:36 PM
From: Bob Rudd	Read Replies (1) of 78602

Tomato: Sorry if you found my post offensive. It was not meant to be a personal attack on attorneys. I do believe, however, my response to Jim's comment that the tide may be turning on tort activity to be on topic and relevant to investment decisions. I've probably got 10 megs of research on litigation risk on my HD in an attempt to find a way to quantify this risk, but I'm as far from that goal as when I started. Tort reform that would at least put some manageable limits on the extent of the risk would lower the cost of capital and improve investment returns in many industries. I would agree with your comments that I'm not coming at this from the perspective of a victim and that attorney's perform a valuable service by penalizing corporate wrongdoers. I would also agree that the country is a safer place because of the efforts of PI attorneys. But I must admit having a hard time seeing how bankrupting an industry for making a legal product they stopped producing 30 years ago when it's harmful effects came to light is going to do anything constructive to correct corporate behavior. I'm not suggesting elimination of tort activity, just limiting and moderating the impacts.

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