Astounding Facts About Lawsuits
"The only people who benefit from lawsuits are lawyers. I think we made a couple of them rich." - Gavin Rossdale
A lawsuit is a civil action brought to court by a party known as the plaintiff, who claims to have suffered a loss as a result of the defendant’s actions.
The Plaintiff demands a legal or equitable remedy such as money or goods, or for the defendant to be compelled to or prevented from performing a certain act.
Most lawsuits are settled before ever reaching trial, but throughout modern history, there have been some high-profile cases that have captured the public’s interest.
Below are 44 astounding facts about major law-suits.
Lawsuits Facts
44. Love Does Have a Price!
Australian Media Mogul Rupert Murdoch gave a massive amount of money to his second wife in their divorce. The divorce cost him $1.7 billion dollars, with $110 Million of that being paid out in cash.
The sum reflected Murdoch’s vast personal wealth, and considering the timing of his next marriage, his ex-wife likely had ample cause.
43.Technical Difficulties
In 1999, David and Ann Dye died in a terrible plane crash. It was originally chalked up to pilot error, but further investigation by the couple’s legal team proved that the engine manufacturers Teledyne Inc. were responsible.
They ended up paying the estate $26 Million Dollars.
42. Pocket Change
Goldman Sachs was ordered to pay $550 Million dollars by the Securities and Exchange Commission for their part in the Subprime Mortgage Crisis between 2007-2010 which led to the recent U.S. recession.
Despite being the largest payment ever ordered by the SEC, it was essentially pocket change for the firm, and there were no long-term effects.
