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...dismissed. The rest get settled, and the lawyers get way more than the wronged shareholders. Sorry. Lawyers typically get 30% of any award. Last year 168 shareholder suits were settled for $1.3 billion, an average of $7.5 million each, according to Jim Newman, publisher of Securities Class-Action Alert, a newsletter in Upper Saddle River, N.J. So in the average case, a handful of lawyers got roughly $2.3 million to share, leaving $5.2 million to be divvied among, potentially, millions of shareholders...

Author: /time Magazine | Title: Sue 'Em for Fraud? | 8/10/1998 | See Source »

...according to the GAO, it has contributed to a litany of abuses. One resident lost a third of his body weight over seven weeks. During this time, the nursing home failed to weigh him, give him prescribed painkillers or alert his doctor to his worsening condition. Another resident had a bedsore, and the doctor ordered the bandage to be changed twice a day; it was unchanged for nearly two weeks. A third nursing-home resident was brought to a hospital, where the patient was found to have had a broken leg for at least three weeks and the nursing-home...

Author: /time Magazine | Title: Shining A Light On Abuse | 8/3/1998 | See Source »

Once Breuer, Olsen and Kennedy got themselves set up, they found a community in a state of high alert. Mayor Wooden had already switched the Alpine water supply from the natural springs to a chlorinated well system and instructed townspeople to boil water before drinking it. Residents brought the CDC researchers ice that might be needed to keep stool samples cool during the eight-hour drive from Alpine to the state laboratory in Cheyenne. The phone company provided extra telephone lines for the duration of the crisis...

Author: /time Magazine | Title: Anatomy Of An Outbreak | 8/3/1998 | See Source »

Album titles that sound like Zen koans are almost always a sign of musical vapidity (New Age alert!). But not here. On his seventh disc as a leader, this adventurous 27-year-old jazz pianist justifies the title's paradox with playing that is full of odd stops and starts and tonal shifts, all of which he negotiates with delicacy rather than flash. This is music that manages to be both prickly and soothing--like anxious lullabies (to suggest another unappetizing title). Though Keezer gives himself three solo numbers--a highlight being his gentle deconstruction of Lush Life--the heart...

Author: /time Magazine | Title: Music: Turn Up The Quiet: Geoff Keezer | 8/3/1998 | See Source »

...been a kind of Internet holy grail for years. Now, finally, the Web is delivering. Its tens of thousands of sites can match your needs and desires as quickly as your Pentium can get online. It's possible to get everything from custom newspapers to electronic newsletters that alert you to sales of items you've always craved. Futurists used to call these services "The Daily Me," a play on the idea of daily newspapers. But customized websites are delivering something more like "the instant me"--real-time collections of just the information you want, which...

Author: /time Magazine | Title: Click Till You Drop | 7/20/1998 | See Source »

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