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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: J. C. Dithers who wrote (35097)	4/2/2001 6:14:00 PM
From: RocketMan	Read Replies (1) of 65232

Since when does an attorney need a theory of law to file a lawsuit? That's why some lawsuits are frivolous. Doesn't matter, the defendant still needs to hire an attorney to defend him/herself. The theory is, this will cost a bundle, so he/she will settle out of court to avoid fees. At least that is how it looks to a non-attorney like me. As far as the SEC, they are a bit more scrupulous, but not entirely. They at least require some proof of services offered, such as being paid to tout, or charging for your recommendations, such as newsletters, etc. Other than that, they are happy to go after teenagers rather than the professional crooks who can hire defense attorneys.

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