Why is it so expensive to litigate in the United States?
Because lawyers are expensive, labor is expensive, time is expensive, additional costs are expensive, and the lengthy litigation process is expensive. When these things are added together, it becomes an expensive lawsuit that ordinary people cannot afford.
In the case of Simpson murdering his wife, the American Major League Baseball star player Simpson paid $50,000 a day to hire a team of top lawyers in the United States to appear in court to respond to the case, and finally won acquittal.
The entire case took 15 months from Simpson's arrest to his release.
In order to exonerate Simpson, Simpson spent more than 24 million US dollars in legal fees alone, not including other huge expenses.
All added up, the total cost is more than 40 million US dollars.
In the Atlantic Company minority shareholder rights protection case, the Vulture Lawyers Group does not need to pay additional legal fees for the time being. They themselves are practicing lawyers, but other expenses cannot be omitted.
This includes the case acceptance fee of 500,000 US dollars, and the court still owes 5.5 million US dollars in acceptance fees. This will be put aside for the time being.
The case is under investigation;
Because the major shareholder of Atlantic Business Machines was accused of using related transactions to transfer profits, and the other party was the Yangtze River Technology Group in China, the investigation and collection of relevant evidence required a trip to China.
Every time a team of more than 20 people travel thousands of miles, the food, clothing, expenses and transoceanic travel expenses, as well as the high expenses of court investigators, are all unbearable.
Once, twice, three times...
The other side's legal team is like squeezing out toothpaste, coming up with new evidence to refute from time to time. The vulture legal team can only deal with it passively again and again, and then rush to China again and again...
In tears!
Every time new evidence is presented to the judge, witnesses need to appear in court to corroborate it, and they have to argue with Atlantic's dream team of lawyers, which takes a long time.
Witnesses who take the time to come to New York also need to be paid.
Shenma’s lost work expenses, travel expenses, accommodation expenses, transportation expenses and even sightseeing expenses are all reimbursed. If the witness cannot be satisfied, who knows what he will say nonsense?
On that day, the opposing team's legal team raised questions, supplemented evidence, and asked witnesses to appear in court again to spend time coming to New York.
If you do it again and again, it will make people collapse.
For highly professional legal problems, you also need to consult with expensive legal authorities to prevent you from making mistakes and falling into the trap of the other party.
After collecting a large amount of dossier data, the vulture lawyer team also spends money to hire people to organize the case files that meet the standards. They cannot just throw them out to the judge in a mess.
As for whether the judge will look at it?
That's not what the vulture lawyer should worry about. The money is flowing out "clattering", and you don't know when it will end.
Everything has a cost, and millions of dollars are spent like this, and you can't even hear a sound when thrown into the water.
As the lawsuit drags on, money will continue to be spent, and once it starts, it cannot be stopped.
otherwise
Failure to respond to the lawsuit in court, failure to prepare sufficient relevant files, relevant witnesses to appear in court for questioning, and related matters involved in the case can easily be held by the judge as contempt of court, and the lawyer's qualifications may be revoked, directly ruining the lawyer's career.
, the consequences would be too serious.
All of this costs money.
Can I revoke or refuse to perform a legal entrustment?
In the United States, this kind of behavior is an extremely serious breach of contract.
The consequences are more serious. The lawyer's contract is a formal contract with legal significance. If it is not performed, it is easy to get a lawsuit, and the person being sued will bite back.
Not only is it not tolerated by the legal profession, it has damaged the image and reputation of lawyers. Lawyers associations and courts will investigate and punish in accordance with the law, and impose strict penalties.
The direct consequences are to lose money, people, and future. It is not easy to revoke a lawyer's qualification. His reputation will be ruined on the street, and he may even go to jail.
So, once you get in the car, it's not easy to get out of the car.
In addition, there was a fire in the backyard, things like coming out, prostitution, racial remarks, and not paying back two hundred dollars when I was in college, all of which were dug up.
This has left every member of the Vulture Lawyers team overwhelmed and exhausted. They also need to deal with other lawsuits. No matter how much savings they have, they are not enough.
This is a necessary tribulation in a lawsuit with a large company, unless you are a saint and all your actions are blameless.
Otherwise, the other party will have sufficient resources to dig you out and expose you completely to the world. Carrying the contempt of the world and the tide of public opinion, it will be difficult to move forward.
I don’t know why, but the media is very interested in these gossips. Each report will cause a sensation and they will never tire of smearing every member of the Vulture Lawyers Group.
These people seem to have become synonymous with "scum".
It is also fun to watch a well-paid and sanctimonious lawyer being unlucky. Therefore, every time a new hot topic is revealed, the public will watch and complain, not to mention the embarrassment of the words.
Only when you are in the center of public opinion, with thousands of holes in your body, can you understand how difficult all of this is.
If you want to litigate a lawsuit easily while drinking coffee, there is no way.
Outside the 7th Circuit Court
Seeing a group of vulture lawyers driving away dejectedly, Sapiro felt very good.
Spring Breeze looked at everyone and said, "Yes, we did a great job this time. The next court session will be in December. Let's go have a meal to celebrate. I know there is a good French restaurant. By the way, the poor justice
Piard calls."
“French restaurant, sounds good.”
"Sapiro, Atlantic Business Machines Corporation was delisted and privatized, and your law firm also got a share of the pie. And Corcoran, next time there is such a good thing, please introduce it to me. I really want to meet the boss king. I hope you can
It’s such an honor.”
"Don't worry! Dr. Van Beden, Arctic Ocean Company has plenty of legal business, as long as you have a big enough appetite."
"I've always had a good appetite."
"That's no problem, hahaha..."
The group of people left talking and laughing. This trip to New York was a pleasant trip for everyone, and they were able to deal with these idiots with ease.
What's more, there are private jet transfers, high legal fees, and other well-paid legal services. The remuneration is completely one-day-to-day, so it's no wonder you're in a bad mood!
"Oh, Mr. Montgomery, when we return, can the Gulfstream plane take a detour through Denver? I am the most loyal fan of the Denver Nuggets, and they have an important game that they need to support."
"If you want, everything is fine."
"Oh, thank you!"
New York
Viking Tower
In the large and luxuriously decorated office, Wang Yaocheng was at his desk handling official duties with a focused and serious expression.
After a while
Wang Yaocheng let out a long sigh, put away the gold pen in his hand, rubbed his wrists, stood up, moved his legs and feet, and shook his neck from side to side to relax the stiff muscles.
After launching the delisting and privatization process of Atlantic Business Machines, he personally came to New York to take charge, and everything is going well in his current work.
The annoying small and medium-sized shareholders' rights protection case has been delayed for a year and a half. It has not stopped this big action, and in fact it has no ability to stop it.
Wang Yaocheng did not care about this case, he was concerned about the more important financial issue.
Royal Family Fund holds 75.2% of Atlantic Business Machines' shares, so it will have no difficulty passing the delisting and privatization proposal. The biggest difficulty lies in raising huge amounts of funds.
As of December 11, 1998
Although Atlantic Business Machines has not paid dividends for five fiscal quarters, its stock price has still risen strongly to US$178.8 billion. Its market value has steadily increased by 72%, and there has been no corresponding decline.
Wall Street investors are all shrewd, and American investment funds, large and small, are equally astute.
Small and medium-sized investors have withdrawn one after another, and some institutions and large investors have taken over the chips and locked in firmly.
The privatization process of Atlantic Business Machines Company is completely different from that of HSBC. Atlantic Company has greater potential, strong profitability, brighter development prospects, and its operating conditions have not suffered a severe setback or large losses.
In addition, Wall Street has not experienced the baptism of the financial turmoil, there is no shortage of money, and investors are more professional and savvy, so it is not easy to be deceived.
Everyone is waiting for the privatization gift package. If they don’t get enough money, haha, it’s useless to break the news.