cus our efforts on solving the Y2K problem, while preventing trial lawyers from devastating our high-tech industry with frivolous litigation," said Firestone. "The new millenium bug should not be a full-employment act for our state's trial lawyers"
Indeed, a recent study completed by Capers Jones found that the country faces some $277 billion in overall Y2K costs. Of that amount, the single largest component will be litigation-accounting for an estimated $100 billion of the total. The cost of repairing Y2K in California alone may exceed $9.5 billion. Additionally, a recent survey by the National Association of State Information Resource Executives (NASIRE) of California's remediation results showed that of 640 critical government systems, only 50% had been converted to be Y2K compliant.
Senator Bruce McPherson (R-Santa Cruz) and Assemblymember Jim Cunneen (R-San Jose) co-authored the measure with Firestone. (Senator McPherson introduced a similar measure in th
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