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The always intrepid Julie Kay gets to the bottom of the $4.9 million malpractice verdict against Becker Poliakoff. Apparently, Becker discount rome hotels Poliakoff stepped in to pursue malpractice claims against Ruden McClosky: The roots of the discrimination case began when Young and 55 other plaintiffs sued BellSouth, alleging failure to promote blacks to management. Their attorneys discount rome hotels at Ruden McClosky settled the case for $1.6 million with BellSouth in 1997, according to an exhibit accompanying the malpractice lawsuit filed against Becker Poliakoff on behalf of Young. Plaintiffs split $300,000, or about $5,000 each. The plaintiffs later learned the settlement agreement called for Ruden to receive $120,000 discount rome hotels a year for four years, enter a consulting agreement with BellSouth and agree to file no employment cases against the company for a year. Angered by that outcome, the plaintiffs hired Becker Poliakoff to sue Ruden for malpractice and breach of fiduciary duty. Ruden settled for $8 million in 2002, and the proceeds were distributed among 54 plaintiffs, according to memos that became part of the court record in Young s malpractice case against Becker Poliakoff. discount rome hotels Carl Schuster, managing partner of Ruden McClosky, declined comment, citing discount rome hotels a confidentiality agreement with all parties. We have been sworn to secrecy, he said. It s bad enough that Becker Poliakoff got hit with a $4.9 million judgment. discount rome hotels We have a settlement agreement, and I could be sued for violating it by saying anything. So Becker's firm got involved in order to sue Ruden for malpractice, which settled for big money, and then itself got sued for malpractice. A few things interested me about the story. One -- B P's alleged net worth: Additionally, Palm Beach Gardens forensic economist Bernard Pettingil Jr. testified about Young s projected discount rome hotels wage losses at BellSouth. He estimated Becker Poliakoff s revenue for the last five years totaled $49 million per year. Zobel asked for Becker Poliakoff discount rome hotels s total net worth, discount rome hotels which the expert witness estimated discount rome hotels to be $10 million. They're only worth about 10 million, after taking in $49 million per year for the last five years? Also, consider the settlement negotiations: discount rome hotels In mediation, Becker Poliakoff offered to settle for $25,000 , but Young walked out, Zobel said. A week later, the offer was raised to $100,000. In trial, discount rome hotels it rose to $500,000. By closing arguments, Becker Poliakoff offered $900,000, and Young turned them down, Zobel said in an interview. Jurors awarded Young $4.9 million, including $4.5 million in punitive damages and $394,000 in lost wages on Sept. 16. The punitive damages are especially harsh for Becker Poliakoff as malpractice insurance generally does not cover these types of damages. 25k at mediation? I know it's hard to value punis for settlement purposes, but these are very experienced lawyers and they didn't evaluate and quantify this risk? Or if they did they couldn't bring themselves to offer more than $100k before trial? I also like Alan's explanation of what went wrong: Apparently, the jury did not believe me, the supervising lawyer who no longer works for us and came from Mississippi to testify and the written documents that supported everything discount rome hotels we said, he said. Instead, discount rome hotels they believed discount rome hotels a rogue lawyer who had been disbarred. Hmm, what exactly do you think that might mean?
FIRST. I passed the bar but for the life of me I cannot follow who sued who and why. Any way, Shumie time for me, and BTW anyone see the great one lately? I saw him last week in front of civil waving a big cigar and looking like he lost 50 pounds. someone by the man a piece of pizza, quick!!
I can believe the law firm entity discount rome hotels has a net worth of $10 Million. Its not like lawyers plow those profits back into research and development or capital expenditures. Sheesh, I can t get my fuggin puter fixed.
Shumie looks like a yo-yo dieter. At one point, he was pretty big, then dropped about 40-50 lbs. Then I saw him and it looked like he found it again. This assessment is subject to change and, of course, is not the Verdicto Final.
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