A personal injury lawyer from Texas came up with a new way of getting money from the laptop computer industry. All you need to do is file a lawsuit against a corporation for a problem that doesn't exist. This is a serious matter that no one should laugh about, especially those involved in the selling of laptop computers. Five other companies have also received lawsuits filed against them, which will most likely lead to an increase in prices. Known for his involvement in a lawsuit against a tobacco company, a lawyer managed to get a Japanese appliance maker to pay $2 billion in settlement after suing them for $9 billion. This company decided to pay settlement than to fight the lawsuit in court because of the greater risk involved. Because of this, he and a group of lawyers would get around $147 million in contingency fees. Those who had bought the notebook computers in the last ten years were given cash rebates and discount coupons by the computer manufacturer. Filed last March, the lawsuit was brought by two plaintiffs who owned laptops. The plaintiffs stated that the laptops they and other people owned had a glitch in the design that could cause data in their hard drive to be lost. However, these men did not say that they had suffered any damages because of this flaw. There had been no complaints filed about this alleged defect, said the Japanese corporation. The computer maker said none of its customers ever had complained until last March when the two lawyers marched into the courtroom. Extensive laboratory tests run by the company showed no loss of data which can be attributed to the flaw. If the Japanese company did not win the trial, $9 billion would not have been the only cost of the company. Ask the legal observers and they will comment that the capitulation was equivalent to throwing meat soaked with blood into the waters of the Gulf of Mexico. The sound of splash was hardly made before the sharks already moved in. Personal injury lawyers did the same thing, filing copycat lawsuits against five computer manufacturers who may have used the NEC floppy control chip. Layoffs are now in the minds of those in these businesses who have been affected by lawsuits. This has led to greater problems still. These billion dollar settlements may cause personal computer prices to go up, a New York financial analyst stated. Economists claim that falling computer prices have led to low inflation rates for the past twenty years. For a few hundred dollars, today's lowest priced computers offer thousands of times more speed and capability than models costing $5,000 or more did a mere 20 years ago. Bullying laptop manufacturers into submission with lawsuits would definitely lead to an increase in the prices of personal computers. This is not good news for those who are struggling financially.
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Using the laptop computer industry to earn money is a scheme devised by a Texas personal injury lawyer. Create a lawsuit against a company for a nonexistent problem.
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