Slashdot Mirror
Investor Lawsuit Blames NSA For $12B Loss In IBM Value
Jah-Wren Ryel writes "IBM Corp has been sued by the Louisiana Sheriffs' Pension & Relief Fund which accused it of concealing how its ties to what became a major U.S. spying scandal reduced business in China and ultimately caused its market value to plunge more than $12 billion." While anyone can file a lawsuit, being sued by an institutional investor is a little different than being sued by John Q. Disgruntled.
Sovereign immunity is an existing legal doctrine that predates the Constitution. No "immunity" law needed.
It's great the way you keep flogging Snowden whether or not it's relevant, which is this case it isn't. But to clarify, he didn't so much go to the press as he went to Russia, just like Philby. The Russians are learning a fair amount from him and are upgrading their systems with the information he has provided. The West loses, diplomatic relations among Western and allied nations are strained, and Russia gets a win:win. Former KGB officer Putin is the one truly LOL, and many in the West are cheering the self-immolation. Case in point.
much of left-wing thought is a kind of playing with fire by people who don't even know that fire is hot - George Orwell
If you search the Constitution, you don't find the word "sovereign" in it, and yet the US government has sovereign immunity when not waived as recognized by the courts and taught by the law schools. It would seem difficult to apply "sovereign immunity" to a government that wasn't sovereign. The fact that people vote to elect its leaders and legislature doesn't really alter that.
much of left-wing thought is a kind of playing with fire by people who don't even know that fire is hot - George Orwell