Tuesday, January 06, 2004

Capitalism and the Law: Now that he's looted Visa, what's next?

It's no secret that here at CAC we think little of antitrust law and even less of the antitrust bar. Antitrust punishes businessmen for their success and most antitrust lawyers accept its faulty premise, even as they attempt to defend their clients. So when I first glimpsed the headline "Founding Member Resigns From Constantine & Partners" in a press release I received today, I wondered for a moment if Mitchell Shapiro, a prominent member of the antitrust bar suddenly found his conscience and realized the corruption in his chosen field.

In my dreams. It simply seems that now that since Mr. Shapiro is richer that God from his recent victory in the Visa Check/MasterMoney antitrust suit, he’s decided to pursue "new opportunities." Here’s the press release:

NEW YORK, Jan. 6 /PRNewswire/ -- Mitchell C. Shapiro, a member of Constantine & Partners, P.C. has resigned from the Firm effective January 2, 2004. Mitch was a founding member of Constantine & Partners in 1994 along with Eliot Spitzer, Bob Begleiter, Yang Chen, Jeff Shinder, Abby Milstein and Lloyd Constantine. Mitch played a major part in the Firm's role as lead counsel for U.S. Merchants in the landmark Visa Check/MasterMoney Antitrust Litigation, which concluded last month with the District Court's final approval of a settlement of more than $3 billion in compensatory relief and a historic injunction.

In the wake of that victory, Mitch has decided to pursue new opportunities. The Firm wishes Mitch continued success and appreciates all his work for the Firm and its clients.
How grand for him, but I for one, don’t wish Shapiro continued success. I wish him unmitigated failure, on the grounds that I find that a man who dedicates himself to organized looting to be a parasite in the first degree. The sooner the victims of antitrust victims reach the same conclusion, the sooner men like Shaprio and his ilk will be made irrelevant.


Melech HaMoshiach said...

I, for one, think that you are just jealous of Mr. Shapiro's accomplishments. An antitrust lawyer is far less corrupt than those who seek to monopolize various industries. With the amount of respect that Mr. Shapiro receives from his colleagues and clients, an "unmitigated failure" is improbable. Now that he has left his firm, his success is even greater because he can work and spend time with his family. Good luck in your future endeavors- do your research before bashing an accomplished lawyer.

Short said...

I for two, despise baseless hatred, especially when it becomes public. Constructive criticism is one thing, but criticism for its own sake is more than just a waste of time; it is a disgrace and dishonor to humankind! So let me criticize your blogging endeavors. But the difference between my criticism and yours is mine has SUBSTANCE (if you don't know what it means, look it up).
"most antitrust lawyers accept its faulty premise" - May I ask for documentation to that claim? I would venture to say the opposite, as they enforce the law, rather then build businesses that break it.

"Mitchell Shapiro ... suddenly found his conscience and realized the corruption in his chosen field." - I have to admit it. This is a strong point. If not for the fact that he continues to practice anti-trust law. I am just curious. Why do you get the idea that he realizes the corruption in his chosen field? If it's your own intuition, I suggest you get some sort of transplant on the source of that intuition.