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> The politically appointed judges in many states are appointed by Democrats. And in many states they are appointed by republicans. Companies already venue sho
by Eddy_Viscosity2 2y ago
> The politically appointed judges in many states are appointed by Democrats.
And in many states they are appointed by republicans. Companies already venue shop to cases to get the judge they want. Why won't this continue to happen?
> a case that is bogged down in the courts is in some ways worse because it is yet another source of uncertainty.
It's not for the companies because while its bogged down, its business-as-usual. The longer they can delay, the better for them.
- bryanlarsen 2y agoIt'll be the environmental orgs bringing the cases that will be doing the venue shopping, not the corps. > while its bogged down, its business-as-usual. Uncertainty is bad for business.
- Eddy_Viscosity2 2y ago> Uncertainty is bad for business. Only some kinds, while other kinds are great for business. For example, the tabacco industry very deliberately created uncertainty about the links between smoking and lung cancer for years and years because it meant in the meantime they could continue business as usual.
- bryanlarsen 2y agoThe only thing they care about is stock price. What's it going to do for your stock price if you have a $100B lawsuit hanging over your head for many years?
- rqtwteye 2y agoTobacco companies did really well for decades while a lawsuit was looming.
- verdverm 2y agoTobacco companies are still doing really well, in other countries
- bryanlarsen 2y agoon the contrary, they were almost always the companies with the lowest stock price in relation to their dividend payout.