Author: Steven Schwartz
Date: 08:33:09 06/05/98
Go up one level in this thread
On June 05, 1998 at 11:24:00, Komputer Korner wrote:
>On June 05, 1998 at 11:02:00, Steven Schwartz wrote:
>
>>[Long Snip]
>>
>>>>Fidelity did not care so much about the long term ill effects of
>>>>rating exaggeration. They are no longer.
>>>>- Steve
>>
>>>Perhaps Fidelity knew they would lose the case but in doing so would
>>>cause your firm irreparable harm from having to defend it. I am sure
>>>that your attorney insurance went up. So who wins here? The lawyers and
>>>judges and court reporters and court stenographers feeding off society's
>>>trough.
>>- KK
>>
>>Much about the U.S. legal systems stinks (not all, however). The
>>recent Brehn vs. TASC lawsuit cost us over $14,000 in fees and
>>expenses, and we had no knowledge whatsoever that TASC may have
>>used Brehn's patented technology. We did not even know who Brehn
>>was until we were part of the suit!
>>
>>We were sued solely so that pressure would be put on TASC to settle.
>>Is that fair? NO!!! but we had to defend ourselves. Good thing we did
>>because the judge placed a $581,000 judgment against TASC and we were
>>freed from the case.
>>
>>Even though I was proud of our legal system's handling of the Fidelity
>>case in court, Fidelity certainly would have had their wish if we
>>(instead of the insurance company) had to absorb the $700,000 in
>>fees.
>>
>>- Steve
>
>
>Steve, you really must get jumpy now, whenever anybody mentions the word
>"lawsuit". We hear up here in Canada that people in the U.S. get sued
>just for looking at somebody the wrong way.
>
>--
>Komputer Korner
>(the lawsuit protected komputer, lawsuits bounce off it like a rubber
>ball on cement):)))))
I have a friend who has all of these shell corporations so
that if one of them gets sued, he closes it down and opens another.
But he runs his businesses in a way that they deserve to get
sued, so he HAS to protect himself.
I cannot live (nor run my business) that way. In 20 years, I have
been hit twice. It is not a good feeling... sort of like getting
pulled over by a policeman ("policeperson" to be politically correct),
but it is part of doing business. Our insurance policy is
pretty good and can protect us from most lawsuits.
You can look both ways before crossing the street and STILL get hit.
- Steve
This page took 0 seconds to execute
Last modified: Thu, 15 Apr 21 08:11:13 -0700
Current Computer Chess Club Forums at Talkchess. This site by Sean Mintz.