News Walmart Pays $10M to Family of Comedian Killed in Crash With Tracy Morgan

Discussion in 'The Howard Stern Show' started by Rupert Pupkin, Mar 21, 2015.

  1. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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    Tracy Morgan's recovery wont really begin until his case is settled.

    Complete Article >
    http://www.nytimes.com/2015/03/21/n...-in-tracy-morgan-crash.html?ref=nyregion&_r=0

    Walmart Pays $10 Million to Family of Comedian Killed in Tracy Morgan Crash
    By THE ASSOCIATED PRESSMARCH 20, 2015

    WHITE PLAINS — The children of James McNair, a comedian who was killed in the New Jersey Turnpike crash that injured Tracy Morgan, are getting a $10 million settlement from Walmart, court papers show.

    The documents also show that the children — Jamel McNair, 26, and Denita McNair, 19 — are putting part of the payment toward annuities that will pay them ever-increasing monthly sums, starting at $3,000, for the rest of their lives.

    The $10 million figure was disclosed in documents filed in Surrogate’s Court in Westchester County, where James McNair lived before the June 7 crash. A Walmart truck hit a limousine van that was carrying Mr. McNair, Mr. Morgan and others home from a show in Delaware.
     
  2. face palm

    face palm Well-Known Member

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    their lawyer gets 3 of that 10 million
     
  3. Mlaw

    Mlaw Quite Contrarian Gold

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    A portion will be an annuity, not sure how much Walmart will have to come out of pocket, but it will be peanuts
     
    Last edited: Mar 21, 2015
  4. Samurai

    Samurai Well-Known Member VIP

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    Wal-Mart has a general policy of fighting lawsuits to the death. They must have assessed that they were obviously liable on this one.
     
  5. DogStar69

    DogStar69 Well-Known Member

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    I'm sure Walmart is devastated that they have to pay the profits that they earn in 10 minutes to this family.
     
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  6. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    They just write it off, Jerry
     
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  7. wigtropolis

    wigtropolis Well-Known Member

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    walmarts is good peoples
     
  8. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    With lawyer's fees and the fact that the media probably don't understand the time value of money, it's likely a lot less than that, especially if much of it is an annuity.

    And they'd better hope we don't get high inflation down the line or it could really wind up being peanuts.
     
  9. MrWarmth

    MrWarmth ADORABLE DEPLORABLE Gold

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    Just raise the price of everything in all their stores by a penny and that should cover the loss.
     
  10. DogStar69

    DogStar69 Well-Known Member

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    Wal-Mart Stores, Inc.
    NYSE: WMT - Mar 20 4:04 PM EDT
    83.241.72 (2.11%)





    It made their stock go up :dontknow:
     
  11. DogStar69

    DogStar69 Well-Known Member

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    If every item went up a penny they would make an extra billion in a day.