NATURE OF CASE: Wrongful death litigation ensuing from a work accident.
OUTCOME: The case was settled for a confidential amount before trial.
ATTORNEY: Stuart W. Fest, of Canoga Park, California (818) 715-7100 represented the deceased gentleman’s heirs. Mr. Fest retained Richard Andersen to render an opinion regarding the deceased’s earning potential, absent his untimely death. Ray Schultz, IBAR Settlement Company, San Marino (626) 570-4888 was the economist.
ATTORNEY COMMENT: “In order to obtain a reasonable settlement, it was necessary to maximize economic damages claimed to persuade the defendants they had substantial exposure. Mr. Andersen’s work more than doubled the economic damages which we could claim for loss of support. It was an essential part of the package which convinced the defense that their exposure was much greater than they thought.”