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Re: Milarepa post# 2894

Thursday, 03/14/2019 9:02:21 AM

Thursday, March 14, 2019 9:02:21 AM

Post# of 3063
I'm glad you're confident. I own shares in a young biotech that went through one of those horrible "shareholder suits". It was the old routine, an amateurish attack piece on the internet followed by a junkyard securities lawyer using it as the basis to immediately (ie, an hour later) "solicit" shareholders to file a class action, and of course using a professional nuisance shareholder to do so. Their hack lawsuit failed, but not after the judge let them amend their transparently baseless complaint several times, us spending millions of dollars in defense, and them not getting punished or reprimanded for plainly abusing the courts.
Justice would be these unethical lawyers be disbarred. Or am I getting something wrong?

Not coincidentally, judges are lawyers too. Its the police policing themselves. This is why the courts are not viewed perhaps as the bastion of justice that it should be.

It's almost like piracy. The incentives and laws aren't really fit to deal with pirates (or abusive lawyers) properly, so the problems perpetuate. The pirates (in this case these scamming securities lawyers) can operate between those lines and get away with it. I'm glad we didn't just give in; we fought them off. We should have made that abusive lawyer jump the plank, too, but the system failed us.
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