American Presidential Politics and foreign affairs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RMF who wrote (37317)	9/23/2009 2:37:21 AM
From: Peter Dierks	Read Replies (1) of 71588

A rule to require the financier of the litigation would make baseless tort much more risky for the ambulance chacer firm. Right now they "invest" in cases, essentially footing millions of dollars of expenses. In a victory they recover their costs plus interest plus a percentage of the settlement. Often in these situation the lawyers take home well over half the pay out. If the law firm had to pay a few defendents' legal bills it would sap the war chest and make them predators more reluctant to sue when there is no harm. There's a lawyer in our town that advertises with the "enticing claim" that he WON'T make his clients go to court. He'll just get them CASH real quick. WHY would I want a lawyer that advertises that he DOESN'T go to court. Don't the people he's supposed to be going after SEE those commercials??? A friend is a predatory plaintiff's lawyer. He explained this to me. There was a similar attorney here. My friend paid for a service that estimated the settlement. He never settled anywhere but near the top unless he felt the potential reward did not justify the effort. The advertising attorney was never offered anywhere near the top because insurance companies knew he was a paper tiger. My friend openly wondered if he had ever seen the inside of a court since passing the bar. One point we can agree on is that plaintiff's attornies are currently destroying our system and they need to be reined in.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next