Lawyers often want to become billionaires the easy way. A pathway they can all use, is to sue any financial adviser who makes an honest mistake while advancing advice. That is not allowed in the financial industry according to plaintiff lawyers.
Example: A couple of years 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 want to become quick billionaires the easy way. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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