[Lawyers who file class-action securities suits] is not a…
![“[Lawyers who file class-action securities suits] is not a group you would want to marry into your family. "That said, more than half the time the people being sued by the Lerach firm are guilty of outrageous conduct. The problem is, they don't mind (suing) the other half. They are an equal…” quote by Charlie Munger](https://sms4smile.com/q/img-quotes/737/charlie-munger-458_action_lawyers-who-file-class-action-securities_2421734.jpg)
“[Lawyers who file class-action securities suits] is not a group you would want to marry into your family. "That said, more than half the time the people being sued by the Lerach firm are guilty of outrageous conduct. The problem is, they don't mind (suing) the other half. They are an equal opportunity litigator.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Class‑action securities lawsuits are likened to an undesirable family marriage; they often involve guilty defendants and indiscriminate litigation.
In simple terms: Class actions are problematic and often target the guilty.
Key Takeaway
Approach litigation with caution.
Themes
law
ethics
risk
justice
Mood
analytical
skeptical
Type
philosophical
practical
When to use this quote
- business negotiations
- legal compliance
- investment decisions
Key Concepts
litigation strategy
corporate governance
moral hazard
Questions to Reflect On
- Is all litigation harmful?
- How can you balance risk and justice?
A Different Perspective
Legal actions can also protect shareholders and deter fraud.