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Article: Year 2000 Wire/Dispute Resolution 2000 to Provide Alternatives to Year 2000 Lawsuits.
- Article from:
- Business Wire
- Article date:
- June 22, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO--(BUSINESS WIRE)--June 22, 1998--In order to minimize the legal fallout from widespread Year 2000 (Y2K) computer problems, Dispute Resolution 2000, Inc., has formed to offer cost-effective alternatives to millennium litigation.
"Our goal," said DR2000 Chairman Steven Goldberg, "is to help companies avoid Year 2000 litigation whenever possible and to reduce the cost, risk and disruption of Y2K disputes between business partners. Year 2000 legal fees and damage awards are estimated to cost between $100 billion and $1 trillion due to business interruptions from computer errors, supply chain breakdowns, and shareholder suits against unprepared companies. This ...