Reply to thread

Message

[QUOTE="jgeorge322, post: 2920536, member: 761"]
i understand the concern over strike suits.  thats a common issue people raise.  i would say that there is insurance market that the media can purchase to protect itself and also lessen the annoyance for the media companies.  in addition, courts could always have heightened pleading standards or have some board review the case before the litigation could proceed, similar to med mal cases in some jurisdictions.  there are remedial things to fix most of the concerns people have over strike suits.  not to mention, people don't seem overly bothered by being able to sue over just about anything else.  for example, there is a market out there for m&a arbitrage.  basically, when a merger deal has been announced there is a slight difference between the merger price and the market price, due to the risk of the deal not closing.  there are people out there who buy stock after the deals have been announced to capitalize on that small margin.  they collect when the deal closes and then sue for appraisal rights, claiming the deal was not fair in order to squeeze a few more million out of the deal.  people have no issue with that.  not sure why people would have issues then when people are harmed by negligent reporting, even if the harm wasn't intentional.
[/QUOTE]

Verification

What is a Syracuse fan's favorite color?