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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!
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To: ravenseye who wrote (4482)11/15/2007 12:50:32 PM
From: ravenseye   of 5673
 
Wrong Message, Bad Messenger
When it comes to bad corporate behavior, don't listen to Bill Lerach.
By Sherman Joyce
Wednesday, November 14, 2007; 7:18 PM

William S. Lerach made a career and a fortune driving shareholder class-action litigation -- sometimes over something as little as a one-day drop in a company's stock value. In the process, he helped to destroy or weaken many companies that provided jobs and created wealth....
washingtonpost.com
...Fraudulent and otherwise corrupt lawsuits take a sizable toll on our economy. Every dollar spent defending against or settling such lawsuits is a dollar that won't be spent on research and development, job creation, worker and retiree benefits, new technologies, training or shareholder dividends....
...After the Enron scandal, Congress passed tough anti-corruption legislation with stiff penalties to hold business leaders accountable. In our post-Lerach world, Congress should strongly consider passing legislation that would hold corrupt trial lawyers similarly accountable -- especially if, as Lerach suggested, the plaintiffs' bar is to act as the fourth branch of government not prescribed by the Constitution in an undemocratic quest to "regulate" others with threats of financially devastating bet-the-company lawsuits.
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