RSS
Twitter
Judge Throws Out Dot Com Investor Lawsuits
from the smart-move dept
A judge has wisely thrown out two lawsuits by investors who were suing Wall Street firms, pointing out that these investors were really "high-risk speculators", and they certainly wouldn't have sued had they made money. While the folks on Wall Street were clearly being somewhat dishonest in their actions, anyone doing the slightest bit of due diligence would realize that most of the companies they were touting weren't going anywhere. People who bought into the hype and invested just because Merrill Lynch said so don't deserve a "reward".
Reader Comments
(Flattened / Threaded)
Read the Ruling
The Wall Street Journal today has excerpts from the ruling. The judge is well into his 90s, but his mind is plenty sharp - a great read with great reasoning why this suit was rightly thrown out.
(reply to this comment) (link to this comment)
Re: Read the Ruling
Good point. You can read the full ruling here.
(reply to this comment) (link to this comment)
Add Your Comment