Well, looks like my wife lost about $75,000.00 today
:wtf:
http://www.mcall.com/business/sns-ap-lead-paint-lawsuit,0,1588153.storyI know, I'm a legal simplton, but one thing I don't understand is
seeing that Sherwin quit using lead in paint in the 50's well BEFORE it
was realized to be a health hazard, in which a 1978 ruling suppressed
lead-paint all together. And still Sherwin, and NL can be held
responsible, liable, or even guilty of "negligence" Anyhow, seeing that the majority of her retirement is held in Sherwin
stock, yep, so far she lost about $75K by the drop on the exchanges. If the Rhode Island suit goes through then I wonder how many other
states will file suite,and then I wonder about the strength of the
companies future.
:huh:
Things around here arn't very happy right now.... But I suppose on the brighter side, it's just a couple months till
boating season.
I wish it would hurry up! |
tschnautz
Feb 22 2006
|
| My BIL was not aware of the CFO's activities. The CFO was the son of
the company founder and the majority stockholder in private firm. BIL
didn't have real power or oversight. Just the title and liability. CFO
didn't want to quit paying himself and other family members high
salaries that were totally out of whack with the financial realities of
the company. He didn't pay state and federal taxes. Once the lien was
removed from my sister's family's house and bank accounts, BIL resigned
and moved out of state, far far away. My sister followed later. The
company went belly up soon after BILs departure. I agree that a smart jury won't get fooled by a great lawyer. That is
why intelligent, capable people need to be on juries. A jury full of
morons is not likely to come to the right conclusion. I served on a jury in 1983. It it wasn't for me and one other
moderately intelligent person the kid would have been convicted. The
first vote was 10-2 for guilty on all three counts. It was a weird
case. The prosecutor sucked badly. The defense lawyer was BRILLIANT. The kid was 20 years old. A student at Menlo College near Palo Alto. He
was about 6'3, 220lbs, good looking, well dressed, and polite. He was
from a very wealthy Lebanese family based out of London. Plaintiff was
about 35, not pretty, not ugly, kind of average looking. She ran a
typing service that was used by a lot of the students at the college.
His version of the events was that after flirting with each other for
several months she came on pretty strong when he came by to pick up a
term paper she had typed up for him. Some consensual kissy face
happened. She admitted it. The kid whipped out his johnson and she took
hold of it. Then she decided that maybe they shouldn't be doing this in
her office as her nasty bitch friend was out in the hall. She put a
stop to the activities and he cooperated. Words were exchanged. He went
home, picked up some porn videos and made her way back to the office.
The cops were there and arrested him for assault, indecent exposure,
and kidnapping. What actually happened was a "mistake of fact". Her
testimony was shredded by an awesome lawyer, statements she made to a
private investigator, and her own pathetic performance on the stand.
Her star witness was the nasty bitch. She didn't make any sense and
ranted about the evils of men. His lawyer pointed out that what had
actually occured was a "mistake of fact", ie, a misunderstanding of the
situation took place. He thought he was going to get laid. She was
going to cooperate but saw her nasty friend in the hall outside her
office and stopped the activities. He took off to get the porn and
nasty friend called the cops and more or less forced her friend into
the whole mess. Even after the testimony the vote was 10-2 on all counts. To this day I
can't believe how STUPID these morons were. One idiot even said that he
wouldn't have been charged if he wasn't guilty. The woman who voted
against conviction and I were able to get the jurors to review the
testimony and think hard about the credibility of the testimony on both
sides. After several hours of deliberations we ended up 12-0 to aquit
on 2 of 3 counts. The idiot held out until the next day to convict on
indecent exposure, even though the office had one door, high windows,
and the only person who saw anything was the plaintiff. Idiot finally
went along with the rest of us on the last vote of the day as he didn't
want to miss another day of work. He was quite pissed about it. After the trial was over I was chatting with the defendant and the
prosecutor. Nasty bitch came up to the defendant with the plaintiff in
tow and loudly threatened that "The criminal trial may be over, but the
civl suit was still on and he was going to pay, one way or another."
The plaintiff looked like she wanted to run away and hide. I actually
felt sorry for her. The moral to the story is when you get a jury summons please show up
and do your civic duty. Try to get on a jury and do a good job. Our
system depends on it. |
obcboatSPLINTER
Feb 23
|