Lawyers have to earn a living, but many want to become billionaires the easy way. A pathway they can all use, is to sue any financial adviser who makes an honest mistake when it comes to advice. That is not allowed in the financial industry according to plaintiff lawyers.
Example: About a year back, a three-judge panel of the U.S. Court of Appeals for the Second Circuit ruled to uphold a lower court’s dismissal of a case against credit agencies who had given securities opinions.
That will set back, at least for a while, the ability of such lawyers who have or want to become quick billionaires the easy way. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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