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1997-98: REVIEW AND OUTLOOK

Corporate Settlements Raise Some Questions

January 04, 1998

"30 Brokerages Agree to Pay $1 Billion to Settle Class-Action Suit" [Dec. 25] says that the firms allegedly colluded to fix prices on the Nasdaq Stock Market.

Needless to say, they all denied any wrongdoing.

This is an almost daily pattern--one reads constantly of "settlements" by major companies.

One comes away after a while asking, "Is anyone honest?"

JACK H. CHESNER

N. Hollywood

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