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U.S. Supreme Court Affirms Investors’ Right to Corporate Accountability

June 21, 2007 (Washington, DC)—American Association for Justice (AAJ) Chief Executive Officer Jon Haber today issued a statement regarding the Supreme Court’s decision in Tellabs Inc. v. Makor Issues and Rights Ltd.

 “At a time when many Americans depend upon investments for their savings and retirement, the Supreme Court’s decision today highlights the need to protect shareholders against corporate insiders playing games with their money. The Court recognized that Congress did not intend to make it impossible for investors to hold corporate wrongdoers accountable. The Court also noted that the Seventh Amendment of the Constitution protects their right to present valid claims to a jury. The decision to vacate the judgment and remand for further proceedings was a narrow one, based on the particular facts in this case. It should not be seen as a green light for federal courts to shut the courthouse doors to the valid claims of defrauded shareholders.”

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As the world's largest trial bar, AAJ (formerly known as the Association of Trial Lawyers of America) promotes justice and fairness for injured persons, defends the constitutional right to trial by jury, and strengthens the civil justice system through education and disclosure of information critical to public health and safety. Serving members worldwide, AAJ provides attorneys with the information and professional assistance they need to serve clients successfully and protect the democratic values of the civil justice system. Visit http://www.justice.org