The City of Lima has settled the case with the estate of Tarika Wilson. The City's insurers, holding a no-consent policy, settled the case over objection by the City. This is not uncommon, nor any admission of guilt by the city.
Insurance companies measure the cost of defense and trial, risk of loss at a civil trial, and potential civil verdicts in their settlement decisions. Its business for them, not right vs. wrong. Given the climate in Lima, the facts known, and the costs involved, settlement was likely a solid mathematical outcome.
More at Cops&Lawyers.blogspot.com, and Glass City Jungle.
TAHL
Friday, January 1, 2010
Lima Settles with Estate of Tarika Wilson
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2 comments:
How long will it take for the family to blow through the money? I'm betting right now that not a single one of those kids get any significant portion of it as adults. (I've seen reports that the family already has over $1m in legal expenses - wonder if this settlement will have to be used towards that?)
Yes, the families lawyers will take their costs/fees of the top -- usually 33%. Some may be taxable, but most will not. So they stand to make about 1.7 million after the math is done.
Because its and estate - and because the suit was brought on behalf of minors the Court will have to approve it. But, if a guardian has been appointed and that guardian agrees - the court is not likely to object. Hopefully it will be a structured settlement with a trust established for the kids, with a dis-interested trustee named. BUT, not likely. Some family member will have control over the money.
TAHL
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