I agree, Canuck. All this talk of Knight going under and drivers needing to find another job asap is misguided. Knight's net income in 2010 was 61.1 million, up from 50.6 million in 2009, and everyone knows most trucking companies were bleeding in '09.
Furthermore, they're a debt-free company, and if you look at their stock prices, they've been pretty consistent over the past year. If the shareholders were expecting to take a beating from this lawsuit, they'd be dumping the stock fast.
What happened here is disgusting, but unfortunately Knight is going to be fine after it's all over.
Knight Is In Deep Doo Doo!
Discussion in 'Knight' started by Time, Mar 29, 2011.
Page 7 of 18
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Who wants to make odds this gets settled before trial?
.....With a gag order on the widow?canuck in da truck, Big Don and truckerdave1970 Thank this. -
-
-
My point is, Knight doesn't want this to go to trial and become public record...even though they completely bolluxed this one and it is anyway. They won't want the name dragged through the mud one more minute than necessary. They will settle for some obscene amount of money and, in return, place a gag order on the widow.
The Challenger Thanks this. -
I'm sure you are reading this correct, Injun. I'm a little surprised we haven't heard from those "Knight Champions" telling us how it could NOT POSSIBLY reflect at all on Knight. That they had nothing at all to do with it. You know who I mean, those that always show up on every Knight thread to tell us what a wonderful company it is. . .
-
-
-
The settlement window never closes, so who knows . . If Knight offers a settlement that pays the lawyer what he believes the case is worth TO HIM, Knight would be stroking an 8 digit, left of the decimal, check at a minimum.
So why not settle?
It isn't often you'll hear of punitive damages in a wrongful death case. Make good or make whole, yes, but to be punished for an accident, no. An accident is an accident.
The court is saying it wasn't an accident. Knight put an over hours killing machine out there and it killed. Then it ran and Knight facilitated it's escape.
I stand by my original post.Injun Thanks this. -
Knight is lucky that the Judge in this case did not tell them that based on their action that the Plaintiff won their Summary Judgement against THEM. Then went into Penalty Phase. Complete with Punitive Damages. I do not want to be their Lawyers they are in a box with No Wiggle room and underwater with a leeak in that box.The Challenger Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 7 of 18