Lawyers
often want to become multi-millionaires the easy way. A pathway they
can all use, is to sue any financial adviser who can make an honest
mistake when it comes to advice. That is not allowed in the financial
industry according to plaintiff lawyers.
A
panel of the U.S. Court of Appeals for the Second Circuit ruled
about a year ago 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.)
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