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It would be a precedent.
The other, inevitably, is Alan Greenspan, the Fed chairman and the only policymaker in Washington with standing in the market.Fred Bergsten of the Institute for International Economics points out that there would be a precedent for this.
"I do not think it right to respond to a request to 'withdraw'... it would be a precedent for undermining judicial independence, a value without which no court can function," he said.
State and federal officials said it would be a precedent for other large pharmacy benefit managers, or P.B.M.'s, many of which are also the subjects of state investigations.
Mr. Cornyn said he hoped the settlement would be a precedent for settling other lawsuits against insurance companies like Humana Inc., PacifiCare and the NYLcare unit that Aetna was forced to sell to Texas Blue Cross and Blue Shield.
Representative Ellen O. Tauscher of California, considered a Democratic Party expert on missile defense, agreed that the United States had to take responsibility for any threat posed by the satellite, but warned that the nation needed to be open in the effort, because it would be a precedent for other countries.
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"I always felt ImClone would be a precedent-setting case," said Robert Toth Jr., senior portfolio manager at EGM Capital in San Francisco.
And some Israelis eagerly looked forward to what they imagined would be a "precedent-setting discussion of Israel's nuclear policies," as Danny Rubenstein, a senior writer for the newspaper Haaretz wrote in this morning's issue.
That would be a frightening precedent.
"The idea of natural law superseding this court's authority would be a dangerous precedent indeed".
That would be a bad precedent, even if the deal itself is good for Shire shareholders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com