Lawsuit Boom
October 18th, 2008
Categories:Real Estate News
Call them blood suckers, vampires and everything else under the sun, lawyers have a way of being there at the right time to make things just a little worse. This is one of those few times I’m happy there are so many of them out there.
The New York Times reports the number of lawsuits are bound to boom as investors and others who were hurt in the financial crisis seek to recover their losses.
It’s understandable that investors who made decisions based off intentionally bad information would seek repercussions, let’s just hope they don’t go after the same institutions the government just bailed out.
Unfortunately lawsuits often take forever to come to an end, and often we’ve lost interest before we find out the results. I will admit however, it is a little easier to know the executives who ran their companies into the ground will see their day in court. Which brings me back to the word of the month… Karma
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