Yes, its just another reminder that idiotic people think the stock market is like a bank. Put money in it and get great returns. If not, go sue someone. Amazing to think that all these lawmakers are out boasting about how they protected our rights to do this, since we would have no recourse against the Enron's of the world. I have news for them, you still ain't got no recourse against the Enrons of the world! These lawsuits did drive safe-harbor provisions that were in direct response to these very lawsuits so actually quite a few were pretty much cut off, but that doesn't stop lawyers from trying.


As for the suit itself, the problem always was there was no risk in it for anyone. The shareholders didn't pay a dime unless money was won and the lawyers know that companies will sue before they will spend months or years in court defending a drop in a stock price (just think how ridiculous that is). I was surprised that in the go-go 90s that lawyers didn't start suing companies with stock prices that went up, just not as much as those of their competition or peer groups. Surely lost opportunities are worth as much as to a shareholder as the costs are of a bad decision aren't they? Simply put, go to law school and print money...just don't expect anyone to respect you because you truly will become the scum of the earth that everyone assumes you are if you get into these types of lawsuits.