Word: lawsuits
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Dates: during 1960-1969
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...official so long as he takes reasonable care to report the facts accurately and his intent is not malicious. In Britain, the libel laws are so strict, so narrowly drawn and so rigidly applied, that what American editors consider good sound reporting can be a clear invitation to a lawsuit...
Wolman's plight was brought into the open by a lawsuit for the relatively piddling amount of $174,000, the balance of a $600,000 bill the American Seating Co. claims he owes it. The corporation had put 15,000 seats in Philadelphia's Spectrum, a Wolman-constructed, $12.5 million sports arena. If Wolman's 300 other creditors follow American Seating's example, the chain-smoking entrepreneur, who values his assets at $92 million and his liabilities at more than $85 million, could be wiped out. Says he: "I can't tell how close...
...there. In a suit filed on behalf of the estate, bank lawyers allege that Fisher has already been well compensated for his services to Miss Atwood. Soon after he became the lawyer for her and her brother Edwin, he persuaded them that in payment for work on a lawsuit they should sign over what amounted to 35% of their King Ranch inheritance. For other legal work, he got 10% more. That left Alice and Edwin with 55% of the inheritance - 27½% apiece. Fisher had 45%, half in his name, half in his wife's. That, said the bank...
...government in exchange for tax-free pensions and a series of special privileges. The pensions varied all the way from $26 to $665,000 a year, depending on the size of the kingdom; many princes retained most of their accumulated wealth. The privileges included immunity from arrest and civil lawsuit, and retention of old titles, many palaces and estates...
Most claimants, Vice President C. A. DesChamps found to his delight, "don't decide to bring a lawsuit later." Other companies, notably State Farm Mutual and Allstate, have cut their overhead costs by using their own salesmen rather than outside agencies. Ultimately, however, insurance men agree that the best way to reduce costs is to cut down on accidents...