Class action suit filed against PSA, PWCC and Probstein

[nolemmings]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

[Leon]

Originally Posted by nolemmings

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

Sounds like fun, fun, fun to me, Todd.
There is no doubt whatsoever this suit draws a lot more attention to the issue issues and that can only be good.

.

[CMIZ5290]

Originally Posted by nolemmings

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

And you think they give a damn?? Why dont you check their bank accounts for better perspective.....They are all making a TON of money....

[nolemmings]

Originally Posted by CMIZ5290

And you think they give a damn?? Why dont you check their bank accounts for better perspective.....They are all making a TON of money....

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

[CMIZ5290]

Originally Posted by nolemmings

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

I can't speak for Joe, but Probstein and Brent, probably so....And they are still laughing...

[Tyruscobb]

Originally Posted by nolemmings

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

The individuals saying that these companies are not worried and are laughing have no litigation experience. Even if these companies are confident that the claims will not survive summary judgement, they are still worried. The legal process is grueling and stressful.

Number 1: it is time consuming. These companies, which includes their officers and other employees, will have to devout time to discovery - giving discovery depositions, producing documents, answering admissions and interrogatories, etc.

Number 2: it invades on their privacy. The above-mentioned discovery will bring to light testimony and company documents, etc.

Number 3: most insurance policies exclude intentional torts. These companies’ insurance companies may file a declaration action against them and have a court determine whether there is even any valid coverage.

This action will not leave them. The individuals who control these companies will constantly think about the action. It is no laughing matter.

[drcy]

Originally Posted by Tyruscobb

The individuals saying that these companies are not worried and are laughing have no litigation experience. Even if these companies are confident that the claims will not survive summary judgement, they are still worried. The legal process is grueling and stressful.

Number 1: it is time consuming. These companies, which includes their officers and other employees, will have to devout time to discovery - giving discovery depositions, producing documents, answering admissions and interrogatories, etc.

Number 2: it invades on their privacy. The above-mentioned discovery will bring to light testimony and company documents, etc.

Number 3: most insurance policies exclude intentional torts. These companies’ insurance companies may file a declaration action against them and have a court determine whether there is even any valid coverage.

This action will not leave them. The individuals who control these companies will constantly think about the action. It is no laughing matter.

Number 4: I don't know of any companies or CEOs laughing and giggling about people finding out they're being sued in a class-action suit.

"Yee haw, this is great fun. It would only get better if my car was towed for double parking and I get a notice from the IRS that my taxes are going to be audited."