Think Progress

Cox: Securities Law is a “Legal Torture Chamber”

By Judd Legum on Jun 2nd, 2005 at 2:58 pm

Cox: Securities Law is a “Legal Torture Chamber”

Chris Cox speaking on the House floor on the state of the securities law, 3/7/95:

It is a legal torture chamber for plaintiffs and defendants alike, more suitable to the pages of Charles Dickens’ `Bleak House’ than a nation dedicated to equal justice under law. The current system of private securities litigations is an outrage and a disgrace.

Cox said this, of course, before he marshaled through the Private Securities Litigation Reform Act of 1995 which significantly weakened protections for investors.

Comments
4

4 Responses to “Cox: Securities Law is a “Legal Torture Chamber””

Jon says:

Better than an illegal torture chamber.
June 2nd, 2005 at 3:08 pm
Andros says:

Hope you’re not surprised by this development… They are on course to turn America like ..Texas: a theocratic kleptocracy!
June 2nd, 2005 at 3:12 pm
SJS says:

I post again and again. Sometimes I post 4 or 5 times in as many minutes. As soon as I post I think of something else I should or could have said. I laugh at the things I say. I’m really funny sometimes. Of course, the pot helps. I laugh a lot. Want to know a secret? I don’t even know what the hell I’m talking about most of the time. If I think of anything else,I’ll post it immediately.
June 6th, 2005 at 1:03 am
banned@freep in under 30 secs says:

Do the French wonder why Jean-Francois Revel hates France?
June 6th, 2005 at 10:48 pm

Cox: Securities Law is a “Legal Torture Chamber”

Cox: Securities Law is a “Legal Torture Chamber”

4 Responses to “Cox: Securities Law is a “Legal Torture Chamber””

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