“Politics: A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage.” Ambrose Bierce, The Devil's Dictionary (1911).
No Time for Bankruptcy Venue Hypocrisy
Senator John Cornyn of Texas introduced the "Fairness in Bankruptcy Litigation Act of 2005" (S. 314) on Feb. 8, calling it the "end to judge shopping ..." According to the Senator, "[F]orum shopping is wrong. It distorts and corrupts our justice system." Bankruptcy Reform: Hearing on S. 256 and S. 314 Before Sen. Judiciary Comm., 2005 Legis. (Feb. 10, 2005). There may be merit to Sen. Cornyn's bill, but not in his rhetoric, driven, as the facts show, by a desire to increase his home state's market share in the competition for big bankruptcy reorganizations.
By
Michael L. Cook And Jessica L. FainmanThis premium content is locked for The Bankruptcy Strategist subscribers only
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