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I wonder who will have to pay the $58 million?


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#1 JohnsonBox

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Posted 04 July 2013 - 09:28

The despicable security guard could not be so filthy rich (or else why he wanted to be a guard rather than a boss?).  So his company has to pay for him? But again, his company is probably not worth $58 million.

Who will have to pay then?

 

Calif. painter awarded $58 million in bar beating

antonio_lopez_chaj_AP758642077657_620x35

Antonio Lopez Chaj, a 43-year-old house painter, appears with his attorneys at a news conference in Los Angeles, July 1, 2013. / AP Photo/Nick Ut

 

Source

 




#2 Steven P.

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Posted 04 July 2013 - 09:37

Moved here from General Discussion.



#3 +FiB3R

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Posted 04 July 2013 - 09:43

Did the guy in the picture write the first post? :wacko:



#4 +Nik L

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Posted 04 July 2013 - 09:57

Are you basically asking whether the security guard himself will pay the fine?

 

No.  It will most likely come out of the bar owner's public liability insurance.  The issue here is that the bar owner chose to use an unlicensed security guard, which may invalidate the insurance.



#5 Torolol

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Posted 04 July 2013 - 10:15

i never trust images that contain blurism, as its reeks of advertising focusing method.



#6 OP JohnsonBox

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Posted 06 July 2013 - 02:53

Are you basically asking whether the security guard himself will pay the fine?

 

No.  It will most likely come out of the bar owner's public liability insurance.  The issue here is that the bar owner chose to use an unlicensed security guard, which may invalidate the insurance.

 

  I doubt the bar could be worth $58 million. It seems worth far less.



#7 +Nik L

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Posted 06 July 2013 - 16:17

Nobody said it was!?

 

Do you understand what public liability insurance is?



#8 Tuishimi

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Posted 06 July 2013 - 16:39

Nobody said it was!?

 

Do you understand what public liability insurance is?

 

But... but... you just wrote "The issue here is that the bar owner chose to use an unlicensed security guard, which may invalidate the insurance."



#9 +Nik L

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Posted 06 July 2013 - 17:33

But... but... you just wrote "The issue here is that the bar owner chose to use an unlicensed security guard, which may invalidate the insurance."

 

And?

 

The question is who will foot the payout.  Likelihood is the insurance.  But I pointed out this may be invalid.  In which case, who knows.  What the bar is worth has little bearing.



#10 theyarecomingforyou

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Posted 06 July 2013 - 17:48

And?

 

The question is who will foot the payout.  Likelihood is the insurance.  But I pointed out this may be invalid.  In which case, who knows.  What the bar is worth has little bearing.

Even if the insurance is invalid and the owner can't afford such a payout they're still liable for the amount, it just means they won't be able to pay it and will have to be declared bankrupt.



#11 +Nik L

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Posted 06 July 2013 - 17:50

Even if the insurance is invalid and the owner can't afford such a payout they're still liable for the amount, it just means they won't be able to pay it and will have to be declared bankrupt.

 

Being liable for something is one thing.  Actually making such a payout is another.