Court to Bubble People: Tough Noogies

July 2nd, 2003  |  Published in Uncategorized

Dot-Com Lawsuit against Merrill Lynch Tossed, but I really just like this quote:

“Seeking to lay the blame for the enormous Internet Bubble solely at the feet of a single actor, Merrill Lynch, plaintiffs would have this Court conclude that the federal securities laws were meant to underwrite, subsidize, and encourage their rash speculation in joining a freewheeling casino that lured thousands obsessed with the fantasy of Olympian riches, but which delivered such riches to only a scant handful of lucky winners.”

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