Quote:
Originally posted by sgtclub
This was my thought exactly. The securities class action bar is a real problem, especially with deriviative actions where there is no fraud. Yes, the shareholders receive some compensation, but it is at the expense of their investment because these suits often times have a crippling effect on companies. The lawyers get phat though.
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The securities class action bar demonstrates the power of the Law of Unintended Consequences. Milberg was always strong, but got a lot stronger after the PSLRA was passed.
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