Word: payouts
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...district judge in Brooklyn lumped together more than 44 suits against 63 manufacturers in an attempt to arrive at some ground rules for dealing with such cases. More than 200 cases have been added since. Although the final outcome could take years, some liability experts predict that the ultimate payout on RSI suits could rival the $4 billion paid on asbestos-related claims...
Torrential rains and mosquitoes made life even more miserable for homeowners trying to save their last possessions. By Red Cross estimates, about 85,000 homes were destroyed or severely damaged by Andrew's winds, which topped 164 m.p.h. Many may have to be razed. Insurers, who put private payout losses at $7.3 billion, were struggling to make contact with policyholders and vice versa. Angry homeowners have already filed lawsuits for shoddy construction against firms like Lennar Homes, southern Florida's largest builder, and Arvida/JMB Partners...
...event on Wall Street in the '80s was more artfully avaricious than the payout of over $250 million in employee bonuses shortly before the collapse of Drexel Burnham Lambert. The bonus bonanza -- which totaled more than twice the amount of the debt on which Drexel defaulted -- helped push the firm over the edge, as it struggled with mounting lawsuits over the dealings of its junk- bond division. Now the reorganized company is suing the recipients of its largesse to recover the loot...
...nearby school. Today, as an institution that opted out, Hendon, with 850 students, gets two applications for every available place. (Students with hearing problems and learning disabilities are given priority.) Since it changed status in 1989, Hendon has doubled spending on books and teaching materials and quadrupled its payout for classroom equipment and furniture. Money that once disappeared into bureaucratic coffers has hired more support staff and refurbished a computer lab. Parents have also been galvanized: they are painting the school's walls for free in order to save money for books and other educational tools...
...hurt Depardieu's chances for an Oscar. Minister of Culture Jack Lang, a frequent critic of American "cultural imperialism," lambasted the "low blow against one of our great actors." Raged Jacques Attali, a former aide to President Francois Mitterrand: "This is a vile defamation with a high financial payout...