Bob Wise: “So that is a considerable risk. The other myth, I think, is that people enter into these suits lightly, thinking, well…”

“So that is a considerable risk. The other myth, I think, is that people enter into these suits lightly, thinking, well, I do not have to pay anything, and, therefore, I can just go down, retain a lawyer, and sort of like the lottery will buy a ticket, and see if we hit. That is not the way it works. There is a considerable amount of time, investment in effort, made, all from the person who is having to put forward their own expenses for medical examinations, that type of thing. I would just urge there are some useful provisions to this legislation. I appreciate, for instance, in later pieces what they are trying to do to separate out in some cases of joint and several liability, or, in some cases, dealing with whether or not accountants should be made as liable in securities actions, but what I really just disapprove of here is making it so much more difficult for people to get to court in the first place. The reality is that middle income people, poor people, are not going to be able to go to court as they once did, and I would urge, as much as the gentleman is trying to perfect this amendment, I urge rejection of the amendment, and certainly the bill.”