Word: makers
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Even in a bull market, individual stocks can tank and leave small shareholders devastated. Recent examples include the staggering 84% decline at small-appliance maker Sunbeam and a 66% drop at franchise operator Cendant, where just last week chairman Walter Forbes resigned under pressure. Both are widely held stocks, and, predictably, both now face scores of lawsuits that allege accounting fraud. Ultimately, the cases against both will become class-action affairs and so serve all who owned the stocks before their meltdown. But even if the suits succeed, the overwhelming odds--and this is true in any suit over...
...manual that contained forms and instructions for creating a will. More recently, the committee sued Parsons Technology, an Iowa company that markets Quicken Family Lawyer software. The case is pending. And in a letter to Nolo last year, the panel expressed concern about the company's Living Trust Maker--2.0 software, which has sold 175,000 copies nationally. Panel chairman Mark Ticer, whose group mostly prosecutes individuals, sees the proceedings as upholding the law, not lawyers. "Ninety-nine percent of the people we deal with should be in jail," he asserts...
...attention of the Secret Service. Write threatening letters to the White House. Or do as Russell Weston did--keep telling people you want to harm the President until someone calls the police. If all goes by the book, the Service is alerted, agents are dispatched, and the maker of the threats is interrogated and evaluated...
...information" about their readiness says HARRIS MILLER, president of the Information Technology Association of America. President CLINTON agrees, and plans to send a bill to Congress this week designed to get companies to reveal how Y2K-O.K. their computers are, in exchange for partial protection from lawsuits. "The maker of any such statement shall not be liable" for it if the company made an effort to tell the truth, a draft obtained by TIME says. But skeptics argue this lets businesses off the hook. "It's an invitation for sellers to tell their customers a product is Year...
...sharing information" about their readiness, says Harris Miller, president of the Information Technology Association of America. President Clinton agrees, and plans to send a bill to Congress this week designed to get companies to reveal how Y2K-OK. their computers are, in exchange for partial protection from lawsuits. "The maker of any such statement shall not be liable" for it if the company made an effort to tell the truth, a draft obtained by TIME says. But skeptics argue this lets businesses off the hook. "It's an invitation for sellers to tell their customers a product is Year...