Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Philip Merryman who wrote (4042)	10/14/1996 10:22:00 AM
From: Philip Merryman	of 186894

BusinessWeek has an informative editorial on California Proposition 211 located at businessweek.com The following is an excerpt from the editorial: The California initiative is an end-run by plaintiffs' lawyers around 1995 federal tort reform legislation designed to stop just what Prop 211 is intended to encourage--frivolous class actions based on stock movements. Prop 211 says that people owning one share of stock can claim in class actions that they were defrauded just on the basis of a drop in price. They don't have to prove in state courts that they relied on deceptive statements in their investment decisions. It allows for punitive damages in state courts in securities litigation--unauthorized under federal law. It also blocks regulation of lawyers' fees in class actions, unless a court deems them ``unconscionable.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next