As the Senate scatter-shot some 98 proposals for new legislative pains and punishments at corporate America last week, corporate lawyers found themselves targets as well.
July 15, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Legal Times
As the Senate scatter-shot some 98 proposals for new legislative pains and punishments at corporate America last week, corporate lawyers found themselves targets as well.
One such proposal threatened to erase the single greatest legal protection lawyers now enjoy against suits by aggrieved shareholders: the so-called Central Bank rule. Securities lawyers reacted sharply to the proposal, angrily denouncing it as a gift to the plaintiffs bar.
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