"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.