Wall St. Journal 2-3-99 Group Seeks Limits On Y2K Liability

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

WSJ reporter John Simons cites trade group seeking Congressional limitation of Y2K liability. Several aspects to the protection sought by the group including limitation of punitive damages and consequential damages and attorneys fees. White House position is "studied neutrality" (Koskinen quote). Koskinen says may not be a flood of Y2K litigation. The lobbying group foresees an "avalanche" of litigation.

Koskinen says limitation of liability could be disincentive to remediation.

-- Puddintame (dit@dot.com), February 03, 1999


"Koskinen says limitation of liability could be disincentive to remediation."

If he really believes that, he's unqualified for the job he's got.

That quote makes sense only if the prospect of being unable to do any business at all is not considered an adequate "incentive."

-- Tom Carey (tomcarey@mindspring.com), February 03, 1999.

Koskinen is a white noise machine designed to lull the country to sleep. He is a national troll. His motto is "Random Acts of Disinformation."

-- Mike Lang (webflier@erols.com), February 03, 1999.

Also see this article from the Denver Post about Colorado financial service providers. They also want to be shielded from liability:


-- Kevin (mixesmusic@worldnet.att.net), February 03, 1999.

Moderation questions? read the FAQ