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Old 07-01-2011
Michael's Avatar
Michael Michael is offline
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Join Date: Mar 2009
Posts: 1,793
Default A traffic accident last year put a company out of business and 20 people ..

Originally Posted by Bobbo45 View Post
About how big corporations manipulated us into thinking ceilings on lawsuits
were best for us... god, our leaders just shit on us at every turn...
out of work...

A visiting nurse passed and then turned left in front of a log truck. The nurse was killed. Nurses fault, but the insurance companies paid policy limits, then cancelled the policies.

Insurance paid 5 million, the lawyers kept 3 million (50% plus all costs). The State took a big chunk (the Nurse was a low paid CNA, who had spent years on welfare) the remainder the nurses grown kids got in a payout over ten years, which they promptly sold to JG Wentworth for thirty cents on the dollar, and pissed that away over a few months in the casinos at Shreveport.

The logging company couldn't get insurance, so they liquidated all their equipment and property. The timber land they owned was bought by a conservancy, so 20 loggers lost their jobs.

Yea, great result from a lawsuit!
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