Thursday, June 21, 2007

In (yet another) a sign that business writers either are biased or really don't understand their subject matter, the AP writes: "Investors lost another round at the Supreme Court on Thursday when the justices imposed a strict standard for shareholder lawsuits seeking to recover losses from companies accused of fraudulent business practices".

Yes, some investors, those looking to sue a company, may have lost, but other investors, such as those looking to protect their investment from unscrupulous plaintiff attorneys, benefited from today's decision.

Does the AP not realize that investors lose when the companies for which they own stock are forced to cough up money to settle shareholder lawsuits? Or do they realize this but choose to characterize the decision as a loss for shareholders in order to further some agenda?