quote:

Originally posted by Flash-LB:

quote:

Originally posted by Aeteocles:
The odds are overwhelmingly high that that much money will ruin the lives of the recipient.

So, good luck to them.

They'll be broke inside of 4 or 5 years and looking to get more.

People are poor for a reason.

It won't take that long.

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Originally posted by Sailor1911:

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Originally posted by BBMW:
If the case went to trial, what would a jury have given them?

Hopefully, the net present value of Georges future earnings. But, that's why I never pass as a jury member.

Present value of a terminating periodic annuity. With negative annuity, that ain't much.

“If I could get him back, I will give all of this back,” said his brother, Philonise Floyd.

https://www.washingtonpost.com...hauvin-trial-update/

Sort of like offering to do something you know the other will not accept. In this case, God has the chance to perform a Lazarus Moment on Floyd in exchange for $27M staying in city coffers.

That is a huge settlement. When it is the other way around, a judge releases a felon who goes on to kill a police officer in a racially-motivated attack, is the settlement even one-tenth that?

27 million seems kinda high for a useless, life long thug.

I've been involved in a few wrongful death cases (as an attorney), and the way that awards are crafted is a bit math and a bit of guesswork, with a little bit of vengeance thrown in.

The first thing to do is a cold economic calculation of the value of the lost life - basically what is the discounted value of the decedent's earning potential had he lived a normal lifespan. Then you move to more nebulous things like the value of the decedent's pain and suffering, the value of the pain and suffering for the family, etc. Then there is the vengeance part - either a direct award of punitive damages where the law allows it or, an "indirect award" via inflating the values of the allowed damages.

In this case, the award is more political than anything else. You have an extremely leftwing city government that is making an ideological statement for a couple of reasons. First, they are 100% on board with the BLM message and this is a way to show support for the cause and throw the police under the bus. Second, the timing suggests it's a signal that they really want Chauvin to be found guilty (for ideological reasons and to hopefully avoid riots) and don't mind tainting the jury pool to get there.

quote:

Originally posted by ChicagoSigMan:

In this case, the award is more political than anything else. You have an extremely leftwing city government that is making an ideological statement for a couple of reasons. First, they are 100% on board with the BLM message and this is a way to show support for the cause and throw the police under the bus. Second, the timing suggests it's a signal that they really want Chauvin to be found guilty (for ideological reasons and to hopefully avoid riots) and don't mind tainting the jury pool to get there.

I'm going to differ with you a bit here. I believe they're paying off the family now because Floyd's "value" will be substantially decreased if/when the criminal case results in either a "Not Guilt" verdict or multiple hung juries. If the Defense provides sufficient evidence of reasonable doubt regarding the cause of death (Drug overdose caused by Floyd's knowing ingestion of illegal narcotics), not only will Minneapolis residents angrily disapprove of so much of their tax dollars being squandered, they'll also reject the ideological platform these demagogues are promoting ("De-fund the police, because they're all a bunch of brutal racists!"). If even a simple majority of voters are convinced they've been wrong or misled about police being responsible for Floyd's death, the Leftists' credibility will be severely impacted and so may their ability to rule city government be impacted.

The Houston woman who was the victim of George Floyd's violent home invasion years back should sue his family now for emotional damages.