“I don't think they have any legitimate grounds for appeal. You have to have some major screw up for a case like this to be reversed or for a judge as prominent as this to be challenged by an appeals court and this doesn't rise to that level.”
“If these numbers turn out to be accurate, this appears to be the largest scam of retail investors ever. It certainly eclipses the high-profile boiler-room cases of the early 1990s.”
“Cramer's moving the markets like the star Internet analysts did during the tech bubble. He's got a big following of people who think they're acting responsibly by following Cramer's advice--but in reality he's dangerous to their health.”
“I call it the finger pointing defense. They are going to say that they relied on others and if something was wrong with the off-the-book partnership, the professionals should have told them.”
“There are those who are trying to roll back [a key section] of the law less than two years after it took effect. But these rules were put in place to protect us after Enron.”
“All of the company's information goes through the investor relations department. Koenig has a key perspective of what went wrong because he [was] the window that [showed] the inside of Enron to the public.”
“Juries tend to be offended by the idea that consultants are watching their every move and predicting how they are thinking. Nobody likes feeling manipulated.”
