Lockheed Martin 401k Lawsuit
The first in a two part series on the Lockheed Martin 401k Lawsuit, this article will focus on Part II. In Part I of this article we discussed the claim that the deceased had a wrongful death lawsuit previously brought against him. The complaint in that case sought damages for the loss of his spouse and children and emotional pain and suffering. We now continue this article looking at the second case brought against Lance Corporan.
In this second case, the deceased was a contractor and he was responsible for leading a sub-contractor to complete a basement leak.
The basement leak was actually one of the biggest problems that the contractors had experienced with their job in the past. The contractors were deeply in debt and needed to bring in extra money in order to pay their bills and get their jobs back on track. Corporan knew something was wrong when he went to see the supervisor of the sub-contractor that he was working for. What he did not realize was that this man was one of the key witnesses against the deceased and had actually received a settlement from the defendant.
The supervisor claimed that the workers hired by the subcontractor should have been more careful and that the plans for the basement leak should have been different.
Despite all of these claims, none of them stood up in court. The judge in this case awarded the contractor only partial compensation for his loss. This meant that the contractor was left with a significantly low settlement amount and no claim to the full amount which was supposed to have been awarded to him.
In order to determine whether one’s claim is legitimate or not, it is important to look at the applicable laws. There are a few laws that specifically address workers’ compensation claims against contractors. It is important to understand that all laws vary greatly from state to state. Because the laws change regularly, it is important to always check with an attorney who specializes in these cases. The lawyer will be able to guide one through the entire process of filing a workers comp claim.
In the case of the Lockheed Martin 401k lawsuit, the contractor suffered a great deal of stress and suffered from a mental breakdown.
He had lost his job and because of this had become depressed and began to see things that were not there. The judge saw this as a classic case of mistaken identity and ordered compensation on behalf of his loved ones. The ruling left him with substantial financial problems.
In the world of settlement, this could have been you or a loved one.
If you are entitled to the money, then you should pursue it aggressively. If you are not, then you could stand to lose a lot of money as well as face the consequences of a negative ruling. It does not really matter which scenario you find yourself in as long as you do something to rectify your situation.
There were numerous ways that Lance Martin had to address the mounting bills and compensatory damages he had incurred.
He could have attempted to file for Personal bankruptcy, but this was not an option for him as it would have meant a large cut to his profits. He also needed to address the impact of the ruling in the form of repossession of his home. These were all issues that his loved ones had to deal with, but he did not have to deal with these matters.
One of the worst nightmares of a contractor is being forced to leave his job due to an unforeseen accident. Your insurance policy will not cover you in such a case. This is the reason why you should employ an experienced attorney. They can offer you a solution and ensure that you do not lose anything in such a situation. You could be entitled to a lot of money and this is something that you should not let slip away.