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Judge Roy Pearson lost not only his pants, but his suit
The lawsuit brought forth by Roy Pearson, “The Case of the $54 Million Pants,” was lost today. Judge Judith Bartnoff rightfully ruled in favor of the defendants, the Chungs. Also, in a rare move in civil cases, the Judge awarded the defendants the court costs. Unfortunately, that is for actual court costs only and will not begin to cover the mountain of attorney’s fees they have accumulated defending this ridiculous lawsuit.
If you are unfamiliar with the case, here are some additional posts:
This case is a fine example of why we must institute a “loser pays” system. Frivolous lawsuits such as this can bankrupt an innocent business owner such as the Chungs. If you would like to help the Chungs, visit www.chungfundraiser.com
I’m sure we haven’t heard the last of Roy Pearson. An appeal is more than likely, and the Chungs will most certainly incur additional costs defending themselves.
Some stories on the verdict:
The Forbes Fictional Fifteen – Forbes.com
The Forbes Fictional Fifteen – if you are an avid (or not so avid) reader of Forbes other lists of the wealthy, you will enjoy this list of popular fictional characters.
Crooked Timber » » Wall Street
An interesting take on the case against Gordon Gekko (Wall Street). Seems it might have been hard to lock him up after all, and that the real criminal was Bud Fox.
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