Jeff (my namesake, as it happens!)..think about it!....
... this case could have undermined, i.e. taken away, the previously held rule of law that a verbal contract is just as valid as a written contract. As it happens, the judge in this court case upheld current practice, and no undermining occurred.
Put more simply, just in case:
Previously, verbal contracts were binding (hence why investment banks, etc recorded everything);
There was an attempt to have that rule of law changed (so that verbal contracts, at least in certain circumstances) were not binding;
That attmept failed:
Hence, verbal contracts are still binding;
Thus, there was no change in the law;
Therefore, there was, in fact, no undermining...just the threat of it while the reported court case was pending.
I suggest you read things fully and digest properly before jumping in with a comment that shows you did neither of the above - otherwise you just undermine yourself ;)