Truthseeker, that's not how the legal system works. Despite some public perception to the contrary, one can't just go to court and make up a claim for relief. If someone's feeling are hurt, for example, going to court and suing because someone was called on a message board a worm or a professional basher, would lead to a quick dismissal and likely sanctions, fees and costs, absent other factual issues that made the claim viable.
A company can't sue for naked shorting as you seem to suggest. However, one could sue based on some type of activity that interferes with business prospects. Byrne has done this in his claims against Rocker and the others. I don't know if he will be successful. I do know that it will be very expensive and time consuming. More than anything else, I welcome the disclosures that will come from discovery, formal and through leaking of documents.
The exposure of industry scamming is going in a direction that I welcome and in one that you will likely welcome also. Although it is true that the brokers actually would do the Naked Shorting, I bet you that the brokers are now going to point their fingers at the hedge funds and say that they knew that this scam was going on and even that there was collusion in the process.
You, of all people, should understand that where billions of dollars of easy money is involved, those who jump at scams will take those opportunities and say, "my scam is ok, yours is not. The other guy over there did the scam. I was just watching." |
