Re:NY Attorney General Tells Daily Fantasy Sports to Stop Ta...
by bko on Tuesday November 10, 2015 @10:36PM
(#10544690)
Do you really believe that it's about Exxon's investors? I imagine the proceeds from whatever settlement would go to those affected, according to your description, the shareholders who's future profit's will be hurt from withholding their studies?
You can sue for oil spills. You can put in a gas tax. But what's Schniderman is doing is a shake-down, led by populism. I get it, no one likes Exxon (me included) and my opinions may not be popular. But these lawsuits are a new form of hidden tax paid by shareholders, not some mythical corporate entity. He even went after an English bank (Barclays) for something to do with their dark pool. It doesn't go to those harmed by the actions. You can read about where the money goes. It goes to government agencies, and yes, iPads for the police. It's fine if politicians think there are worthy programs they want to fund, but this isn't rule of law.
You can sue for oil spills. You can put in a gas tax. But what's Schniderman is doing is a shake-down, led by populism. I get it, no one likes Exxon (me included) and my opinions may not be popular. But these lawsuits are a new form of hidden tax paid by shareholders, not some mythical corporate entity. He even went after an English bank (Barclays) for something to do with their dark pool. It doesn't go to those harmed by the actions. You can read about where the money goes. It goes to government agencies, and yes, iPads for the police. It's fine if politicians think there are worthy programs they want to fund, but this isn't rule of law.
http://dealbook.nytimes.com/2013/11/20/where-does-jpmorgans-...