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« Free Reads -- Pygmy Negritos | Main | Times Arts Frownlines 6 »

September 12, 2002

Policy Break -- Legal System Redux

Michael

In today's Wall Street Journal there's a priceless nugget:

One county [in Mississippi] popular with forum-shopping trial lawyers has 21,000 asbestos cases but only 9,700 people.

For all of you out there in the stock market, you should pay attention to companies having the slightest asbestos exposure (including, for example, GE)--the ONLY strategy that has permitted any such company to manage its legal risks is bankruptcy.

Have a nice day, trial lawyers.

Cheers,

Friedrich

posted by Friedrich at September 12, 2002




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