Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (3497)	7/30/2002 5:21:58 PM
From: Jim Willie CB	Read Replies (3) of 89467

securities litigation has a strange history back in the early 1990's, I recall numerous nuisance lawsuits from angry investors who lost money they didnt lose it necessarily from accounting fraud nor from deception by executives nor by abusive excessive stock option plans for execs no, they lost money from unreasonable expectations from naive investing mindsets I recall Adaptec and a handful of others made some placating settlement to the nuisance morons who sued simply because our nation allows it the 1995 reform bill made it more difficult to sue for frivolous reasons AND NOW WE HAVE REAL BIG SOLID PRIMA FACIA REASONS HECK, WE HAVE MULTIPLE FACIA LEGITIMATE REASONS I hate Congress reforms though they are 5-10% successful in any reform just look at the tax reform last decade what a joke? / jim

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