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#11
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Mxsmanic wrote:
An out-of-court settlement never sees a court, which is why it's called an _out-of-court_ settlement. Wrong again. An out-of-court settlement can be reached between the litigating parties at any time ("out-of-court") during the litigating process, if the plaintiff has commenced litigation. How is it that you can be an expert on absolutely everything? F-- |
#12
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TxSrv writes:
Wrong again. An out-of-court settlement can be reached between the litigating parties at any time ("out-of-court") during the litigating process, if the plaintiff has commenced litigation. The essential point is that the court does not make the decision. The decision is made outside the court. How is it that you can be an expert on absolutely everything? I can't. But I know useful things about a lot of topics. -- Transpose mxsmanic and gmail to reach me by e-mail. |
#13
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![]() Mxsmanic wrote: I wonder why Circuit City and Martinair caved in so easily. What did they do that makes them liable for anything? They became defendants in an aviation-related accident. The odds are stacked against them if a jury sees it. Facts no longer matter. |
#14
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![]() "Mxsmanic" wrote in message news ![]() I can't. But I know useful things about a lot of topics. You certainly have not shown that to be true on this venue. |
#15
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Jose wrote:
I recall reading that NTSB analysis could not be cited in a court case.[...] The idea is weird, though, considering that part of the NTSB's mandate is to determine an accident's cause. It removes a source of pressure on the NTSB to alter their findings. Presumably the gov't is immune to such influence. The major reason that the NTSB is immune to being used in court is so that people who provide support to the investigation know they aren't jeopardizing pecuniary interests by doing so. |
#16
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Mxsmanic wrote:
Gig 601XL Builder writes: The courts really ought to require that all the facts are in before allowing the suits to go forward. An out-of-court settlement never sees a court, which is why it's called an _out-of-court_ settlement. I wonder why Circuit City and Martinair caved in so easily. What did they do that makes them liable for anything? What makes you think they weren't? The casual evidence points more to them being responsible than Cessna. |
#17
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Ron Natalie schrieb:
Presumably the gov't is immune to such influence. The major reason that the NTSB is immune to being used in court is so that people who provide support to the investigation know they aren't jeopardizing pecuniary interests by doing so. It's more than that. If it comes to a criminal investigation, then the accused has certain rights. (A lawyer's assistance, the right to say nothing, etc., different rights in different countries.) Now if someone who expects to be blamed to have made a mistake in the accident and therefore has to expect to be accused in court assists the NTSB to investigate the case, and then later these results are used in court, this would jeopardize his rights in court. Or, vice versa, if he wanted to keep his rights, then he had to refuse to help the NTSB, jeopardizing their effort to enhance safety. Stefan |
#18
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Mxsmanic wrote:
Gig 601XL Builder writes: The courts really ought to require that all the facts are in before allowing the suits to go forward. An out-of-court settlement never sees a court, which is why it's called an _out-of-court_ settlement. I wonder why Circuit City and Martinair caved in so easily. What did they do that makes them liable for anything? It is cheaper in the long run to settle out of court than get stuck in a protracted court case that could take forever and lawyers are billing by the hour. -- Regards, Ross C-172F 180HP KSWI |
#19
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On Thu, 14 Dec 2006 07:35:35 -0600, Ross Richardson
wrote in : ... lawyers are billing by the hour. Most tort cases are taken on a contingency basis. |
#20
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In article ,
Larry Dighera wrote: On Thu, 14 Dec 2006 07:35:35 -0600, Ross Richardson wrote in : ... lawyers are billing by the hour. Most tort cases are taken on a contingency basis. Those are the plaintiff's laywers who are working on contingency. The defendant's lawyers are billing by the hour. They may be billing the defendant, or they may be billing the defendant's insurance company, but either way they're getting paid $100 each time they pick up the phone or shuffle a piece of paper. Insurance companies are pretty cold-hearted. They look at the "defend vs. settle" issue from a pure risk management actuarial point of view. If they settle now, it'll cost $X and they know it's done with. If they defend, it'll cost $Y for sure in legal and administrative expenses, and the potential and unknown liability will be on the books for years. I was once a defendant in a personal property damage suit. My homeowners's policy covered my defense. It was actually sort of interesting. The insurance company sent me a letter that basically said, "We agree that your policy obligates us to pay for your defense, but we do not yet agree that we are obligated to cover the actual liability should the plaintiff prevail". That put me in an interesting position of still having some skin in the game. By letting the suit continue, I still had a contingent liability; if the plaintiff won, and the insurance company ultimately decided they were not going to cover the lability, I might still be on the hook for damages. The only way I had to erase the contingent liability would be to settle out of my own pocket (which, of course would make my insurance company happy, since they would then be off the hook). The suit was for $10k; a loss would be painful but not catastrophic for me and I thought we had a good chance of winning (a rational component of the decision). There was also a purely emotional component involving inter-personal relationships that I won't go into here (all the parties knew each other prior to the suit) other than to say that I'd be damned if I was going to let that ******* get anything out of me. That's the sort of bad decision-making that the insurance companies don't let cloud their judgement. My insurance company's main defense strategy after interviewing me and deposing the plaintif (i.e. racking up some legal expenses) was to counter-sue a third party. I wasn't particularly happy with the third party they chose to go after, but my choice at that point was to go along with it (since they were paying for the defense, they got to pick the defense strategy) or settle out of my own pocket. I went along. This third party of course had their own liability insurance (and much deeper pockets than I do). Their insurance company sent me a remarkably similar letter to the first one in which they in turn agreed to pay for my defense but did not commit to accepting any ultimate liability. Eventually, the third party's insurance company settled the case for about half of what the plaintiff was seeking. The case then took a bizarre turn when shortly (like about a week) after they agreed to the settlement, the plaintiff died (reportedly of a brain tumor). They made the payout to the plaintiff's estate. Two friends of mine were co-defendants in the original suit. Unfortunately for them, their insurance carriers didn't even agree to pick up their defense costs. One of them hired their own lawyer and was out of pocket a lot of legal expenses. The other decided to go it alone and handled his own defense. Neither of the two insurance companies who defended me had any interest in providing legal services to my co-defendants (nor would I expect them to) but they did reap the benfits of the suit going away when the third-party insurer paid off the plaintiff's estate. I just looked up Circuit City (CC/NYSE). With a market cap of $4.14 billion, there were certainly some deep pockets involved. The $3.5 million may well be below the deductable on their liability policy. This was a decision made by laywers, accountants, and risk managers who are used to dealing with very large numbers. Keep in mind there were 8 people on board, so there's potentially 7 more lawsuits in the works. The story isn't over yet. |
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