Friday, January 18, 2013
Gerry's Educational Medical Malpractice Website
A jury awarded a huge amount of money to a man injured as a result of medical malpractice here in New York. There was only one problem. Shortly after the jury verdict, the man died.
What was the problem? He was only able to obtain $250,000 of his award.
Want to learn why?
There is a law in New York that says when you take a medical malpractice case to trial and the jury renders a verdict, any money that is paid out must be paid out over time.
That means that the first $250,000 is payable immediately in a lump sum. The remaining amount of money to be paid to the injured victim must then be paid out to him over the course of his remaining lifetime.
The jury determines over what period of years the award will be paid out. The defense then buys something called an annuity. This is a financial investment vehicle that allows the injured victim to receive money every year.
So what's the problem?
The problem is that once the injured victim dies, the annuity died with it. That means that his family will never see the remaining amount of money he was awarded. How's that for injustice?
Watch the video to learn more...
Here's a cardiac malpractice case where I was able to achieve a $6 million dollar settlement for my client.
Here's a foot surgery case where a Westchester, NY jury awarded my client $1.55 million dollars for her pain and suffering.
To learn more about how medical malpractice cases work in the state of New York, I encourage you to explore my educational website.
If you have legal questions, I invite you to pick up the phone and call me at 516-487-8207 or by email at firstname.lastname@example.org. This is what I do every day and I'd be happy to chat with you.
Law Office of Gerald Oginski
25 Great Neck Road, Ste. 4
Great Neck, NY 11021