Baseball Crank
Covering the Front and Back Pages of the Newspaper
September 20, 2002
LAW: Investor Responsibility

The Second Circuit throws out a $111.5 million (plus interest) jury verdict and strikes a blow for individual responsibility, holding that a billionaire currency trader couldn't sue his brokers for negligence over trades he authorized on the theory that he should have been given more warnings. One of the people whose advice was at issue in the case was former Bear Stearns chief economist Lawrence Kudlow, now the chief financial writer for National Review Online and co-host of CNBC's Kudlow & Cramer.

Posted by Baseball Crank at 10:25 AM | Law 2002-04 | Comments (0) | TrackBack (0)
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