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.

Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (9094)	10/12/1998 7:06:00 PM
From: Who, me?	Read Replies (1) \| Respond to of 67261

Lungren wins endorsements of more than 80 high-tech execs SACRAMENTO, Calif. (AP) -- More than 80 Silicon Valley investors and executives endorsed GOP gubernatorial nominee Dan Lungren Monday, largely because of his opposition to a failed ballot measure that would have made it easier for shareholders to sue companies. The businessmen also cited Lungren's opposition to higher taxes and ''onerous'' business regulations, his support for free trade, crime-fighting record and proposals for improving public education. Many Silicon Valley leaders fought fiercely against Proposition 211, the unsuccessful measure two years ago that would have made it easier for shareholders to sue people who make false or misleading statements about a business or fail to disclose facts affecting a company's stock. It also would have forced executives to pay legal costs and damages out of their own pocket, rather than using company funds, and prohibited limits on attorney fees in all cases. ''He's drawn the line against predatory lawsuits that drain away our resources,'' the executives said in an advertisement in Monday's editions of the San Jose Mercury News. The ad was paid for by the Lungren campaign. ''When we needed leaders to take a stand against the trial lawyers' Proposition 211, Dan Lungren answered the call.'' Lungren opposed 211, while Davis took no stand. Davis has gotten much of his campaign contributions from lawyers and labor, while Lungren has relied on insurance companies and developers. AP-NY-10-12-98 1725EDT newsday.com