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Rebuttal to Argument in Favor of Proposition 211

Arguments on this page are the opinions of the authors and have not been checked for accuracy by any official agency.


211 isn't about protecting us from fraud. 211 isn't about being able to recover legitimate losses. We're already protected.

211 doesn't stop frivolous lawsuits-- it encourages frivolous lawsuits. 211 doesn't limit attorney fees-- it prohibits limits on fees.

Here's what 211 is really about:

211 was written by and for securities lawyers.

211 allows these lawyers to file frivolous lawsuits in California--lawsuits outlawed in federal courts.

211 guarantees that lawyers can charge outrageous fees. 211 prohibits the Legislature from passing laws restricting lawyer fees.

211 is a hoax that benefits a few greedy lawyers, but hurts the rest of us:

DAMAGES PENSIONS, RETIREMENT AND FAMILY SAVINGS

211 allows ''frivolous lawsuit" lawyers to ''legally extort" hundreds of millions of dollars from companies in which Californians hold investments through pension funds, mutual funds and savings.

Californians lose hundreds of millions of dollars to these lawsuits which often cause drops in stock prices, further reducing savings.

DAMAGES MEDICAL RESEARCH

''211 jeopardizes crucial research into new treatments and cures for many life threatening diseases. It takes millions of dollars from research and sends it to the pocket books of a few wealthy securities lawyers."

-- John Gorman, Treasurer
Alzheimer Aid Society of
Northern California

EXEMPTS POLITICIANS

Instead of protecting us from ''Orange County" abuses, 211 actually prohibits politicians from being held liable for their fraud and abuse (like Robert Citron, the Treasurer responsible for much of Orange County's $1.7 billion loss).

Seniors, families, taxpayers, small business and employees say ''NO" on 211.

GORDON JONES
Director of Legislative Affairs, The Seniors Coalition

MARY GEORGE
Vice President, Hispanic Women's Council

STEVEN J. TEDESCO
President, San Jose Metropolitan
Chamber of Commerce


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