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Taking Big Business to Court
ResumeBy holding the companies pocketbooks accountable, class action lawyers can make a fortune off each case, taking as much as a third of the plaintiff's winnings. But suing companies can also be the most direct way to affect change in corporate governance.
In this hour, fighting for the private investor. Can litigation bring about corporate reform? Or is holding big business accountable in court too little, too late?
Guests:
William Lerach, Securities Lawyer with Milberg Weiss Bershad Hynes & Lerach
J. William Gibson, Professor of Sociology at Cal State Long Beach
This program aired on August 6, 2002.