Handsome Rates of Return: A judge in a Connecticut malpractice case has an interesting perception of current interest rates:
The jury returned a verdict against Goldsmith and Stamford Medical Group of $6 million in damages and $4 million for loss of consortium; the judge added $6 million in interest because the defendants had rejected a settlement offer by Vita Carlson's lawyers of $1 million.
The judge must have been thinking of this kind of investment.
ADDENDUM: The judge's award and the verdict were overturned by the state's Supreme Court because the judge failed to allow the defense to argue that their liability was less than another physician who settled with the plaintiff. The other physician, by the way, paid substantially less than $16 million.
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