Abstract
This article examines the hurdles and controversies of the Year 2000 problem. First, some background on the "Millennium Bug" explains the nature of the problem, how to fix it, and what it will cost. Next, the article discusses recent Year 2000 litigation. Then the article suggests that companies should implement a legal strategy to avoid potential liability by performing a legal audit of the Year 2000 problem. Additionally, the UCC and case law analysis are used to explain possible causes of action and who the plaintiffs and defendants will be. Other key legal issues analyzed are SEC disclosure requirements, insurance coverage and copyrights. With perseverance and lots of money, the Year 2000 problem can be solved in time. However, if not corrected in time, the legal community and the judicial system will face many legal ramifications, some of which are not yet even realized.
Recommended Citation
Note, Year 2000 Hurdles and Controversies, 46 Clev. St. L. Rev. 91 (1998)