Monday's hearing is the first time litigators will square off after months of filing mounds of paper. It's a critical round for Canadian investors. At this level of counsel work you'd expect all options to be considered. He says the defendants want it argued where there's the least chance of being socked with a big damage award. That, clearly, is not in plaintiff-friendly Texas, where jury awards can be as big as the steaks at the local roadhouse.
Litigation is in the very juice of Texas culture.
What they're trying to do is keep as much of this case away from anybody's scrutiny as they can. He knows a thing or two about big cases. He says there are many points on which Bre-X and its promoters can be lassoed by U.S. securities law. American securities law holds if an action has a real influence on markets in the U.S., investors in other countries who suffered from the same action are eligible to be part of a U.S. suit. Yetter says Canadian investors should be rooting for him because he represents their best chance of recovering something from the multibillion-dollar financial fiasco.