Gary North's Y2K Links and Forums - Mirror

Category: Litigation

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(Links to documents appear after the summary.)

Estimates of the cost of litigation resulting from the y2k problem are as "low" as $300 billion and as high as $1.25 trillion -- just in the United States.

The legal profession is gearing up for its biggest windfall in history. The threat of this to managers and board members has not yet registered. How do I know this? Because the price of COBOL programmers working on y2k projects today (mid-1997) is under $50 per hour. The cost of corporate legal talent is three or more times this. When the cost of COBOL programmers working on y2k reaches the cost of hiring a big-time corporate lawyer in the same city, managers and board members will at last be taking this threat seriously.

There will be quiet resignations at some point. That is when managers and board members at long last realize that y2k cannot be fixed, and that their careers and capital -- especially stock holdings -- are on the line. When insider short selling becomes widespread, we will have an indicator that the the corporate world is getting the picture.

It is too late now to get started. Every day that the legal threat does not raise the wages of COBOL programmers is another day of denial by managers.

When denial by managers stops, it will be too late for you to get out of the stock market. (See category, "Stock Market.")

The largest collection of Year 2000 legal/government references is at

Updated - Subject

24-Feb-97   Legal Liability
01-Apr-97   A Litigation Fireball
30-May-97   A Litigation Explosion: Early Self-Defense
19-Jun-97   Over a Trillion Dollars: A Very Big Lure
24-Jun-97   Another Estimate: $1 Trillion
24-Jun-97   Tax Issues (Assuming the IRS Survives)
02-Jul-97   Personal Liability for Corporate Officers & Directors
07-Jul-97   The Courts Will Be in Ruins
17-Jul-97   What Companies Should Do Now to Avoid Litigation
07-Aug-97   First Case: Charge Card Breakdown
14-Aug-97   Watch for Mass Resignations of Corporate Directors
22-Aug-97   $1 Trillion? For One Insurance Company Alone!
27-Aug-97   A One-Stop Web Site for Links on Y2K Litigation
22-Oct-97   Corporate Directors Could Go to Jail: New Zealand
22-Oct-97   Suing the CIO: The Exodus Will Begin in 1998
24-Oct-97   New Zealand Law Firm's Assessment of Pitfalls for Directors
22-Nov-97   No Y2K Insurance for Corporate Directors: New Zealand
25-Nov-97   Comprehensive Report (Free) Now Available
02-Dec-97   Litigation Costs: 2 to 10 Times Repair Costs
04-Dec-97   Rumor Denied: $5 Billion Y2K Suit Against PC Makers
11-Dec-97   California Considers Cap on Y2K Damages
05-Feb-98   Konica Limits Its Liability
18-Feb-98   Kappelman on Laws Against Damages: Bad Laws
26-Feb-98   FLORIDA BAR JOURNAL Lists Some Y2K Horror Estimates
02-Mar-98   Site With Lots of Documents on Y2K Law and Litigation
16-Apr-98   State of Georgia: Immunity Legislation
25-Apr-98   Giant Firms Support California's No-Y2K-Lawsuits Bill
28-Apr-98   Self-Defence for CEO's and Board Members
29-Apr-98   California Y2K Liability Protection Bill Dies in Committee
01-May-98   The Many Paths to a Y2K Lawsuit
09-May-98   Fishing for Class Action Lawsuits: Big, Big Fishes
14-May-98   New Site Tracks Y2K Lawsuits
18-May-98   Getting Rid of the Old Maid: Insurance Industry Armageddon
23-May-98   Fear of Litigation Creates Information Blackout
29-May-98   Lawyers Gear Up for the Year 2000
03-Jun-98   Dow Chemical Says as Little As Possible

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