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Non-Tech : The ENRON Scandal
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To: Raymond Duray who wrote (4449)9/15/2002 7:16:56 PM
From: Mephisto  Read Replies (1) of 5185
 
"Seven years ago, Congress overrode President Bill Clinton's veto and passed the Private Securities Litigation Reform Act of 1995 (PSLRA). The legislation was hailed as a victory for corporations over lawyers who filed what CEOs regarded as frivolous shareholder lawsuits, or "strike suits," as some called them. In particular, the act was viewed by many executives as a big thumb in the eye of one notoriously litigious attorney: William S. Lerach."


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The article in The New Yorker, posted by ksuave, also mentions the Congressional veto!
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