LEX Crash: a truely American conundrum

[john smith]

An airline crashes in the United States.
The lawyers come out in droves to sue.
But wait, the airline is in bankruptcy!
Do they still sue?
Who will pay their contingency fees and costs?
:-))

[James Robinson]

john smith > wrote:

> An airline crashes in the United States.
> The lawyers come out in droves to sue.
> But wait, the airline is in bankruptcy!
> Do they still sue?
> Who will pay their contingency fees and costs?

Insurance companies.

[Ron Natalie]

john smith wrote:
> An airline crashes in the United States.
> The lawyers come out in droves to sue.
> But wait, the airline is in bankruptcy!
> Do they still sue?
> Who will pay their contingency fees and costs?
> :-))

The insurance industry makes it's money from the fear of
such legal actions. They are the ones who take the risk.

[Dave Stadt]

"James Robinson" > wrote in message
. ..
> john smith > wrote:
>
>> An airline crashes in the United States.
>> The lawyers come out in droves to sue.
>> But wait, the airline is in bankruptcy!
>> Do they still sue?
>> Who will pay their contingency fees and costs?
>
> Insurance companies.

Only up to the limit of the policy.

[Ron Natalie]

Dave Stadt wrote:

>>> But wait, the airline is in bankruptcy!
>>> Do they still sue?
>>> Who will pay their contingency fees and costs?
>> Insurance companies.
>
> Only up to the limit of the policy.
>
>
Yep, and don't believe they don't find out how much that is so
they know how much effort to exert. It's even required by law
in some states to disclose how much liability insurance you have
before when the case is filed.