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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (2382)1/18/2002 12:42:18 PM
From: The Philosopher  Read Replies (1) | Respond to of 12465
 
I don't belong to AOL, so don't know their position.

But if they don't comply with the subpoena, the issuer has the right to haul them in to court. If the court decides the subpoena was justified, the court can order compliance under penalty of contempt of court, and can also order attorneys fees. So it may be that they're taking a gamble that the issuers either won't take them to court, or will lose if they do.

Just my guess. But I will say that I have enforced subpoenas in the past, and gotten what I asked for plus some attorneys fees plus, in one case, a hefty fine.



To: Jeffrey S. Mitchell who wrote (2382)1/18/2002 12:43:03 PM
From: The Philosopher  Respond to of 12465
 
If we take an optimistic viewpoint that the law is merely a
reflection of the moral values of a society, then SI should act morally and, if challenged in
court, etch their values into law.

Prudent business policy and moral stands don't always coincide.


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