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Three Quadrillion for Pain and Suffering



The Washington Times has an interesting summary of the claims filed against the federal government for the Army Corps of Engineer's alleged negligence in the design and construction of the New Orleans Levees. One claimant is asking for Three Quadrillion dollars, which would give his attorney (assuming a 33% contingent fee...) a mere one quadrillion (about 80 times the gross national product).

"I understand the anger," said Baton Rouge economist Loren Scott. "I also understand it's a negotiating tactic: Aim high and negotiate down." Umm, I dunno. There's such a thing as aiming a tad too high...

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.