A federal judge has ordered a settlement fund to pay $6.54 each to nearly 165,000 people who lost money in a real estate venture promoted by disgraced PTL ministry founder Jim Bakker. Claimants “said they gave a $1000 each for four-day vacations at a resort that was never built. Their attorneys won $2.5 million.” (“165,000 in PTL-Bakker class action each win $6.54 settlement”, AP/WIS-TV, Jul. 31; “Briefly … Tort Reform?” (editorial), Winchester Star, Aug. 4).
Bakker settlement: lawyers get $2.5 M, clients $1.2 M
A federal judge has ordered a settlement fund to pay $6.54 each to nearly 165,000 people who lost money in a real estate venture promoted by disgraced PTL ministry founder Jim Bakker. Claimants “said they gave a $1000 each for four-day vacations at a resort that was never built. Their attorneys won $2.5 million.” (“165,000 […]
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I’m embarrassed to be a lawyer
So, if I understand this correctly, because of the litigation risk associated with a “Beware of Dog” sign, the public can no longer be put on notice that a dog is present. This is just stupid. Yes, it is true that some dogs are definitely more risky …