7/12 Does anyone else think that the $4.9 billion awarded to the six
plaintiffs in the GM lawsuit is more than a little ridiculous? --dim
\_ Why would I give a shit about GM? Of all the three American car
companies or even any other company in the rest of the world
they make the shitiest of cars and treat their workers like dirt.
\_ Were you born in another country? There's nothing ridiculous about
it. It's going to be appealed down into almost nothing and the
plaintiff's grandchildren are likely to be dead of old age before
any of them see a dime, if ever. I see nothing wrong with it,
except that GM is so evil, they needed to sue in the first place.
\_ I don't know. How many people did GM kill/maim/mutilate this time
and did they know it would happen to someone but didn't care?
\_ Companies as a whole can never care. This case in question was
concerned with a particular design for side-mounted truck fuel
tanks. It turned out, retrospectively, that this side-mounted
design was not very good from the safety perspective. I don't
think people at GM have enough clue to be evil deliberately.
-- ilyas
\_ "They're too stupid to be evil". Heard that before. They're all
evil. They didn't get to be that size without being evil.
\_ GM (in 1979) knew that this design was faulty. They calculated
the cost of redesign (quite high) vs. expected lawsuit settlement
(not as high). This just ticked off the jury, and punitive
damages were awarded. $4.9 Billion is about 9 months of operating
profits in this, a very good year. --cody
\_ don't the large, evil corporations have insurance for things
like this?
\_ why is it that these ridiculous memos are always uncovered
during these product liability trials? why don't they shred
them?
\_ Because like M$ and other large companies they feel above
the law which is why we need high rewards like this: to
remind these multi national monster corporations that they
are not above the law and people are more important than
their bottom line.
\_ $4.9 billion is a lot of money. All six could have been
killed and I wouldn't have awarded that much. That's insane.
GM would be forced to make these people billionaires with
the money of their customers (us). I can relate to the
plight of the plaintiffs, but that's just too damn much
money. Maybe they should find a way to make GM spend the
money on certain safety programs or finance certain government
programs (e.g. for burn victims). --dim
\_ A smaller judgement would have reinforced the philosophy,
"losing lawsuits is less costly than fixing our problem."
I think the people on the jury purposefully made it so
large to tell them that this is a bad philosophy.
\_ The people who won the lawsuit have promised to
donate at least half (after the half the state
and feds take in taxes) to hospital burn centers.
\_ don't forget the lawyers' cut which I think would
be 1/4 to 1/3.
\_ Lawyer contingency fees are legally allowed
to be as high as 40% plus costs. (not sure
about the costs part, but pretty sure).
\_ If it was you driving that truck you wouldn't go through a
costly and painful lawsuit just to make GM do what they
should have done in the first place. You think it's ok
for them to kill their customers as long as they donate
money to charities? You feeling ok?
\_ Yes, GM should be made to do what they didn't
before. Yes, damages should have been awarded (both
compensatory and punitive). $4.9 billion is too
much, though. In fact, I think it's about 10 times
too high. --dim
\_ Hello? It's going to be appealed to nothing. GM
is *not* going to write 6 checks that total $4.9b.
The plaintiff's grand children will be dead of old
age before they see anything and it sure as hell
won't be $4.9b. Glad you're not on the jury.
\_ I realize that there is an appeals process
and that the final settlement will be
smaller. The point is that the sum is
*ridiculous*. No one knows how much the
final settlement will be for, but GM
certainly won't get off cheap, Smug One. --dim
\_ No shit. I'm *glad* they're not getting
off cheap. Don't you get it? Do you own
GM stock or what?
\_ The Government should be making them do what they
didn't do right the first time. If it's so bad
that common citizens had to sue them to get justice
then the Government has way fucked up and the little
people should get to keep what they've won. Fuck
GM and their "the lawsuits would be less expensive
than fixing it" crap. Fuck that. |