Short Tempers
Controversy surrounds a recent crop of lawsuits alleging abusive short selling. Now tempers are getting frayed as law firms gain clients for new cases, and at least one state sides with those who believe US capital markets are dangerously flawed. By Navroz Patel
Broker-dealers accused by a consortium of US law firms of being party to alleged abusive short selling are dismissive of their detractors. Recent legal efforts have been passed off as the work of misguided conspiracy theorists by some, while others think the litigation smacks of cynical opportunism on the part of companies and lawyers.
Robert Shapiro, a Washington, DC-based economic consultant who has been employed by the main consortium of lawyers, says he is unfazed by the criticism. "I'm
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