Quote:
Originally Posted by Balticfox
Yes, but I don't think that should be the case. I don't like this business of civil liability if there's no criminal conviction. I don't like it at all. It's opened the door for all kinds of abuses, all kinds of shysters, all kinds of legal shenanigans.
 |
So if I get defrauded I can't sue the fraudster if they have not been criminally convicted? If my company goes under because my monopolist competitor drives me out with predatory pricing or other abusive anticompetitive behavior, I can't sue them unless the government has prosecuted and convicted them? I could give countless examples of how crazy this regime would be.
If a public company massively overstates its revenues and millions of dollars of losses ensure when the truth comes out, are investors out of luck if the government doesn't bring criminal charges? Do you realize what a tiny percentage of potentially criminal acts get prosecuted?