Short Tempers - Risk.net

Risk staff
01 Sep 2006

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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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