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#1
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More evidence of the critical shortage of working neurons. Here's
a link which doesn't require registering (KC Star has a better article) http://kansascity.bizjournals.com/ka...2/daily61.html Summary: Carnahans sue Parker Hanafin for $100 million claiming malfunction of their vacuum pumps caused the accident Parker Hanafin presents evidence that in fact both vacuum pumps were working at the time of the accident. Randy Carnahan reported malfunction of his primary AI, not his vacuum system. (NTSB report concludes both vacuum pumps were working) Jury awards Carnahans $4 million. PH-lawyers claim victory -- they got out of it with only $4 million and no punative damages Somehow that last makes me sadder than the rest -- just how screwed up is a system where the lawyers for the defense are assessed $4 million for a situation which wasn't their fault in the first place, and they go home happy? ![]() ![]() Sydney |
#3
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"Judah" wrote:
The best part is that at the end of the day, the Carnahans will probably owe money anyway. To whom? |
#4
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![]() "Snowbird" wrote in message om... More evidence of the critical shortage of working neurons. Here's a link which doesn't require registering (KC Star has a better article) http://kansascity.bizjournals.com/ka...2/daily61.html Summary: Carnahans sue Parker Hanafin for $100 million claiming malfunction of their vacuum pumps caused the accident Parker Hanafin presents evidence that in fact both vacuum pumps were working at the time of the accident. Randy Carnahan reported malfunction of his primary AI, not his vacuum system. (NTSB report concludes both vacuum pumps were working) Jury awards Carnahans $4 million. PH-lawyers claim victory -- they got out of it with only $4 million and no punative damages Somehow that last makes me sadder than the rest -- just how screwed up is a system where the lawyers for the defense are assessed $4 million for a situation which wasn't their fault in the first place, and they go home happy? ![]() ![]() Welcome to the reality of the US Tort system!! |
#5
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![]() "Dan Luke" wrote in message ... "Judah" wrote: The best part is that at the end of the day, the Carnahans will probably owe money anyway. To whom? To the agents that did research, investigations, gathered depositions....the "court costs", and "other costs" that often eat up all the proceeds of litigation. You knew that, Dan. |
#6
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Judah wrote in message . ..
The best part is that at the end of the day, the Carnahans will probably owe money anyway. The only one who makes any money in these stupid lawsuits is the lawyers. This is about the stupidest post of the day. Lawyer fees will be one-thid, typically; perhaps, forty percent. They probaly spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc. The Plaintiffs will wind up with around $2.5 million, give or take. Most or all of it will be tax free. Of course, the conservative, anti-lawyer/civil justice crowd could hope that their favorite solution to the "lawsuit crisis", i.e. loser pays winner's attorney fees- would solve the problem. Then PH could pay $5.3 million. ![]() Question: Why was this a "stupid lawsuit"? |
#7
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![]() "smackey" wrote in message m... Judah wrote in message . .. The best part is that at the end of the day, the Carnahans will probably owe money anyway. The only one who makes any money in these stupid lawsuits is the lawyers. This is about the stupidest post of the day. Lawyer fees will be one-thid, typically; perhaps, forty percent. They probaly spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc. The Plaintiffs will wind up with around $2.5 million, give or take. Most or all of it will be tax free. No, it will most emphatically NOT be tax free. Of course, the conservative, anti-lawyer/civil justice crowd could HAHAHAHAHAHAHAHAHAHAH!!!!! hope that their favorite solution to the "lawsuit crisis", i.e. loser pays winner's attorney fees- would solve the problem. Then PH could pay $5.3 million. ![]() You better laugh...at yourself! Question: Why was this a "stupid lawsuit"? |
#8
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I must take issue with your statement that: "They (the attorneys) probably
spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc." While the attorney's do "front" this money, it is in fact a charge against the client. So, this amount is deducted from the client's share of the award and returned to the lawyers. "smackey" wrote in message m... Judah wrote in message . .. The best part is that at the end of the day, the Carnahans will probably owe money anyway. The only one who makes any money in these stupid lawsuits is the lawyers. This is about the stupidest post of the day. Lawyer fees will be one-thid, typically; perhaps, forty percent. They probaly spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc. The Plaintiffs will wind up with around $2.5 million, give or take. Most or all of it will be tax free. Of course, the conservative, anti-lawyer/civil justice crowd could hope that their favorite solution to the "lawsuit crisis", i.e. loser pays winner's attorney fees- would solve the problem. Then PH could pay $5.3 million. ![]() Question: Why was this a "stupid lawsuit"? |
#9
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It seems to me to be a stupid lawsuit because there was clear and
objective evidence that the defendant's equipment was in no way responsible for the death of the victims. The defense of your position about this being the stupidest post of the day is based on nothing but your own hunches and opinions. Your estimate of their fees and costs is based on nothing more than your own hunch. And I'm not convinced that typical contingency fees are as you say they are. Finally, to my knowledge, at least some court-case winnings are not tax free. In fact, a recent article I read (although admittedly, I trust the media almost as much as lawyers) discussed a specific case where the court case winnings, INCLUDING that money paid to the contingency lawyers, was considered taxable income. In that specific case, the taxes equated to about half the winnings, the other half went to lawyers, and at the end, between medical bills, court costs, filing fees, payments to investogators and expert witnesses, and all that, the "winner" owed about $10,000. Since then, in fact as a direct result of responding to your post, it seems that there are indeed some court costs that are not taxable, so perhaps this particular settlement is not taxable and the winner didn't end up losing money. But at the end of the day, all that is left is the reality: Parker Hannifin paid $4M to Carnahan. They also paid their own lawyers (presumably an exhorbitant amount of money in the 7-figure range). Carnahan paid AT LEAST $1.33M to their lawyers (I believe it was much closer to $2M.) Carnahan paid expert witnesses, investigators, and other related expenses. The best case scenario is that the collective attorneys in this case took home about the same amount as Carnahan's family. All because Parker Hanifin supplies vacuum pumps in airplanes, and they could have failed (but didn't). Sorry if my faith in this country's legal system has been shattered. I don't claim to have the answers. I don't think the loser should pay the winner's legal fees. I think people (lawyers) who bring frivolous lawsuits should be penalized. And I think damages that cannot be quantified should be limited. There needs to be some sort of check-and- balance system for our legal system. It's not there now, ad the lawyers have demonstrated that they cannot police themselves. (smackey) wrote in m: Judah wrote in message . .. The best part is that at the end of the day, the Carnahans will probably owe money anyway. The only one who makes any money in these stupid lawsuits is the lawyers. This is about the stupidest post of the day. Lawyer fees will be one-thid, typically; perhaps, forty percent. They probaly spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc. The Plaintiffs will wind up with around $2.5 million, give or take. Most or all of it will be tax free. Of course, the conservative, anti-lawyer/civil justice crowd could hope that their favorite solution to the "lawsuit crisis", i.e. loser pays winner's attorney fees- would solve the problem. Then PH could pay $5.3 million. ![]() Question: Why was this a "stupid lawsuit"? |
#10
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![]() "Bill Denton" wrote in message ... I must take issue with your statement that: "They (the attorneys) probably spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc." While the attorney's do "front" this money, it is in fact a charge against the client. So, this amount is deducted from the client's share of the award and returned to the lawyers. And there is no incentive for a lawyer to minimize expenses. Quite the contrary, they must "be deligent" and spare no expense. The tobacco litigation and similar cases are good examples of using the entire award for "expenses". Further, to think the lawyers have even the slightest interst in "justice" is rib-splitting comedy "smackey" wrote in message m... Judah wrote in message . .. The best part is that at the end of the day, the Carnahans will probably owe money anyway. The only one who makes any money in these stupid lawsuits is the lawyers. This is about the stupidest post of the day. Lawyer fees will be one-thid, typically; perhaps, forty percent. They probaly spent $25-30,000 of their own money for expenses-experts, depositions, travel, exhibits etc. The Plaintiffs will wind up with around $2.5 million, give or take. Most or all of it will be tax free. Of course, the conservative, anti-lawyer/civil justice crowd could hope that their favorite solution to the "lawsuit crisis", i.e. loser pays winner's attorney fees- would solve the problem. Then PH could pay $5.3 million. ![]() Question: Why was this a "stupid lawsuit"? |
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