The Beardstown Ladies were a publisher's dream come true: a group of adorable Midwestern grandmothers who started an investment club, struck gold and decided to share their homespun investment advice in a best-selling book. That dream soured when it turned out the Ladies inadvertently inflated their returns. Things got even worse for publisher The Walt Disney Co. with a decision that said the publisher can be sued for printing the exaggerated returns on the cover of its book.
October 29, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Beardstown Ladies were a publisher’s dream come true: a group of adorable Midwestern grandmothers who started an investment club, struck gold, and decided to share their homespun investment advice in a best-selling book.
That dream soured somewhat when it turned out that the Ladies’ inadvertently inflated their returns.
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