It is unfortunate that lawyers compare their interest in a serious situation to a poker game (Law firms scramble to handle Sterling Financial lawsuits, June 15 Business Journal).
It is unfortunate that lawyers compare their interest in a serious situation to a poker game (Law firms scramble to handle Sterling Financial lawsuits, June 15 Business Journal). Sterling Financial executives and employees are in the midst of a devastating financial situation while lawyers across the country are vying for the privilege to serve as lead counsel to litigate under the guise of helping those who have experienced a loss. Certainly, the lawyers will gain financially at the shareholders expense.
Investing is a risk. There are no guarantees of safe and profitable returns on investments. One could only hope for such a guarantee. During the Great Depression, many individuals lost their life savings, but I dont believe the common recourse of those individuals was to sue the banks in order to regain their losses. History tells us that the individuals of that era had integrity and were hard working, something attorney Lewis Kahn is apparently not familiar with. It is a sad state of affairs when lawyers believe that they need to be the watchdog for America and promote suing as the solution to every problem. Common sense and logic are so far removed from the legal system of today.
I realize that there is a difference between a stock market crashing and intentional fraudulent actions by financial administrators. But I truly do no believe Sterling Financial falls under the category of complete disregard and complete recklessness as Kahn stated.
So now, not only do Sterling Financial and its executives have to focus on the real problems at hand, they must spend countless hours and huge amounts of money defending their company and their personal lives, time and money that could be spent building instead of destroying.
Kahn said he can look in the mirror every day and is proud of what he does. Im not sure what mirror he is looking in. If I were him, I would sue the manufacturer that made the mirror. I believe he is receiving a faulty message.
Robert and Marlene Trump,
Lititz, Lancaster County