George F. Will: Law firm epitomizes corruption

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  • Thomas
    Nov. 19, 2007 12:50 p.m.

    Millberg Weiss's conduct was particularly blatant, but "Rankled," there's not a "straw man" to be seen anywhere. A huge percentage of the plaintiff's bar operates on substantially the same business plan, e.g. be prepared to sue on behalf of shareholders the moment a stock price ticks downward.

    Essentially, the plaintiffs' bar operates on the assumption that stock prices should always go up -- and if they go down, there must be corruption involved (and thus an opportunity for class-action derivative suits, and huge legal fees). While corporate corruption has grown to truly obscene levels, the plaintiffs' bar's business model is the wrong remedy -- because it ignores ordinary business cycles, and effectively treats defendants as guilty until (expensively) proven innocent.

    Litigation (and associated insurance requirements) imposes a huge burden on American business (and doctors, and others). It's absolutely necessary to protect against misconduct -- but it makes no sense to spend $1,000 to prevent $100 worth of fraud or other misconduct. Efficiency shouldn't automatically take precedence over principle, but efficiency and a sense of proportion shouldn't be entirely ignored, either.

  • rankled
    Nov. 18, 2007 3:39 p.m.

    Way to go George! Set up a straw man, make Edwards guilty by association, then beat it down.

  • Dave
    Nov. 18, 2007 8:30 a.m.

    And, who foots the bill for all of this. We do, in the form of higher prices for goods and insurance and the loss of jobs as bussiness relocates to other countries to get away from these laywers.