Silicon Investor (SI) -- The First Internet Community

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.

Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Rosen who wrote (48393)	2/21/1998 8:42:00 AM
From: Ron Flanigan	Read Replies (1) \| Respond to of 58324

Alan: I agree that there are better things ahead. Please read my comments to J.D.. Have you read Harold S. Kushner's "When Bad Things Happen to Good People?" His philosophy or religious point,if you will, is similar to the thoughts you express. I have no great argument. The 1940 remark by Tyrone in a "Long Day's Journey Into Night" points out that problem. The problem dates back 2000 years. The world changes very little and that is why we need to study our history. As Patrick Henry said "I have but one lamp by which my feet are guided, and that is the lamp of experience. I know no way of judging of the future but by the past". I beg to disagree with your opinion that lawyers are part of the problem. Lawyers are nothing more than advocates for a client's position. If there is a problem, it does not start with the lawyer. It starts with the client who believes they have been cheated by some insider misconduct. I would take such a case. At least, I would investigate the allegation. That is what is being done in the instant. It may prove to be an unfounded position or it could turn out like the Ford Pinto case where management was willing to pay a few verdicts rather than recall and add an $8.00 part to prevent those gas tank explosions when the vehicle was rear-ended. Was it not fortunate when a lawyer during the course of discovery found that memo from a Ford engineer that weighed their (Ford) loss by a recall versus the possible verdicts. Was it not fortunate that the lawyer could present that piece of evidence to a jury who returned a $236M verdict. It blew a hole in the cost estimates of the Ford engineer. One would have thought that Ford would have learned from that lesson but apparently they did not. Now State Farm Insurance Company is suing Ford to be compensated for the fire claims they paid because of faulty ignition systems that caused the vehicle to ignite. State Farm claims that Ford conspired with another company to hide that fact. The end result should prove of interest. I assume it will have to be a class action by time all the insurance companies join in the litigation for reimbursement. Your comments are thoughtful and my only concern is when you think it is the lawyers who start these actions. The lawyer responds when a client instructs him/her to respond. Ron