Wednesday, October 29, 2008

Credit Meltdown Creates Opportunities

The credit meltdown may have created opportunities for attorneys to keep on working. There are many more lawsuits being filed and our pal Andrew Cuomo is getting involved with the Feds.

I expect additional shareholder lawsuits, along with more attorneys general weighing in; after all, the people looting the companies were the upper echelon of management, therefore presumably breached their fiduciary duty to the company in question.

It seems reasonable to tie bonuses to actual performance, rather than looting the company for whatever they want.

Meanwhile, perhaps there'll be more document review projects in our future.

No comments: