Marvin Keller is done

Not at all that will be a blessing in disguise..
I'am sure their customers will understand and stick with them.. They will just come back under a different name in a LLC

 

Yeah, there are ways to three card monty themseleves back, but not with all 90 odd drivers, and not all of their equipment.

If they can't get the family to play ball inside 6 months, it's essentially over.

 

How about taking the age of the deceased against expected life span, and whatever their last W-2 said adjusting yearly for possible increases times however many years they would have lived til the earliest retirement age. Basically filling in the gap for the lost wages for the deceased. Is that too realistic of a thought?

 

There you go again using common sense... sure is funny you loose a finger in a work related accident maybe you get 10k ..loose a arm or leg 60 or 100k.. but your dead now your worth 10 million .. bet he didn't have a 10 million dollars life insurance policy

 

Very quick, very rough math has that at $2,000,000 - without counting health insurance, pension, or wage increases,

That's with a $60k base - depending on what he did for KY Utilities, that could be really low.

 

The judge gives you a numerical number & the average life expectancy. Then leaves it up to you the jury to do the math & come up with a number….if any at all.

i was a jurist in a case where a woman got hurt. She didn’t get anything from us, but had we paid out it would have been over 7 million dollars using the numbers the court provided.

 

No one ever pays those massive verdicts

it will get appealed and appealed and appealed and then the company files BK and doesn’t pay .
That’s why they have insurance .
Once the insurance pays the policy cap , then you wait until you can’t file any more appeals and when the judgement becomes final , you just file BK ,and negotiations begins or you close the company , have an auction and sell the assets to another company you own , and start over with a new name . Jewelry stores do it every couple of years , along with home builders .

home builders will form an LLC for each subdivision they build in , and then when they are done building , they close the LLC and the homeowners can’t sue them later for shoddy work .

 

Dang, that's too bad. I guess the sadness is balanced by the millions and millions of dollars the lawyers will put in their pocket after the verdict. The victim might get dozens of coupons while the lawyers get millions and then the health insurance recoups the many hundreds of thousands to fix the injured.

 

They’re actively hiring again outside of Illinois, so I guess they survived the lawsuit.