Investors’ Suits Face Higher Bar, Justices Rule

[firefox_fan]

WASHINGTON, June 21 — The Supreme Court on Thursday dealt a blow to investors who want to sue companies and executives because of suspected fraud, setting a higher standard for class-action lawsuits to go forward. The decision was the second one this week by the court that was a defeat for shareholders and a victory for the defendant companies. On Monday, the justices ruled that securities underwriters on Wall Street are generally immune from civil antitrust lawsuits.

http://www.nytimes.com/2007/06/22/washington/22bizcourt.html?_r=2&hp=&adxnnl=1&oref=slogin&adxnnlx=1182487350-YeS1Oa5IpZ6jBrgnfX6IRw&oref=slogin

[Vincardog]

1. IS it FASCISM yet?

[dkofos]

2. YES And I expect it to much worse.

[Stinky The Clown]

3. Thanks Ralph

No difference, my ass.

[firefox_fan]

5. Yup, Ralph did it. So now he can play hero at saving us...

[firefox_fan]

4. Hard to believe... Basically, permission for the rich to defraud investors.

Because there are no repercussions for cheating... BUT, steal a pizza because you're homeless and hungry, and be sent to jail.