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.
Previous in TP Politics
By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.