
- August31 2003
- Volume 10
- Issue 16
HARD-KNOCK RULING
Moral:
Investors who lost a pile onInternet stocks and other tech issuesin the late 1990s received no sympathyfrom US District Court JudgeMilton Pollack, who recently dismisseda suit against Merrill Lynchand its former analyst HenryBlodgett. The 96-year-old New Yorkfederal judge called investors whofollowed the counsel of stock analystshyping Internet stocks "high-riskspeculators" who should have knownthe risk of investing in "extremelyvulnerable and highly untested" investments.The lawsuits brought bythe so-called victims, Judge Pollacksaid, are an attempt to twist federalsecurities laws into a "scheme of cost-freespeculators' insurance."Investors are ultimately responsiblefor their financial decisions.
Articles in this issue
almost 18 years ago
Recent Study Ranks Today's Top Vehiclesalmost 18 years ago
Seize Some Big Savings Opportunitiesalmost 18 years ago
Are You Managing a Business or a Hobby?almost 18 years ago
Seize Tax Liens' Abundant Opportunitiesalmost 18 years ago
Is the Grass Greener on the Other Side?almost 18 years ago
Put a Stop to Annoying Telephone Callsalmost 18 years ago
Invest According to the Phases of Lifealmost 18 years ago
Never Underestimate the Power of Wordsalmost 18 years ago
Carve a Secure Asset Protection Planalmost 18 years ago
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