They were clearly guilty, and should be punished. But life sentences? If Skilling, for instance, had to serve 10 years (a real 10 years) and forfeit all of his net worth, wouldn't that be a deterrent to other corporate execs? Wouldn't 10 years and his fortune be punishment enough?
have been granted class certification by a federal judge in the $300 million lawsuit alleging that West Publishing's BAR/BRI and The Washington Post Company's Kaplan, Inc., engaged in illegal activities in violation of federal antitrust laws.
suggesting that I buy Vonage stock on the impending IPO. While the stock may spike up on its debut, what are the long-term prospects for a money-losing company competing against every phone company, cable company, and VoIP plan? And now that Skype is offering totally free calls within the U.S. and Canada, I might just short Vonage after the spike. But I'll use Vonage to place my order.
Just as the federal government destroyed Arthur Andersen by indicting the accounting firm, rather than only the individuals accused of criminal acts, the government has dropped a nuclear bomb on class-action law firm Milberg Weiss. What the government did is not fair to the accused, to the employees, to the firm's clients, or to the principles for which the United States of America stands.