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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (45373)	9/20/2002 10:22:39 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 281500

A French company ran the pipeline project and Unocal's involvement was as an investor, he said. "No Unocal person participated in any acts of wrongdoing," Petrocelli said. "Unocal does not have, nor ever had, any control over the actions of the Myanmar military. The company does not direct, countenance or condone the violation of any person's human rights, and it certainly did not aid or abet the violation of anyone's human rights. And if that is the standard that is applied in this case, we are confident we will meet that standard." And next we'll be seeing folks trying to sue all the common stock holders (Joe6Pack, pension funds,.. etc) for their "involvement".. Whatever happened to just suing the officers and directors of the company (the french one, in this case) and local project manager?? What such a ruling tells me is that if I, as an investor, purchase stock in a company through an IPO, I'm facilitating corporate wrong-doing. Hawk