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Re: Johnny_C post# 31709

Thursday, 06/23/2016 12:38:43 PM

Thursday, June 23, 2016 12:38:43 PM

Post# of 54032
TREBLE DAMAGES - PUNITIVE DAMAGES 50 MILLION -- Easy in my opinion, but lets say I am wrong and a jury only grants half of that, that's not so bad. Lets say a jury only grants a fifth of that.

The most important items IMO is becoming fully reporting and finding a merger partner. But many shareholders have sold and lost faith because of Cowan's deliberate actions

They are basically the same, however you cannot have both and punitive is unlimited in Florida. This is provided you have grounds. Below are definitions -

1. Ask yourself if you were on a Jury - and an auditor with years of experience failed to award a public Company they were under investigation on an audit they certified that they were independent on. Failing to rotate off may just be simple malpractice, but failing to notify and warn the Company was intentional deceit.

---Keep in mind that the Auditor also charged TAUG $25,000 fee to re-certify that they were independent.


2. Ask yourself, if you were on a jury, and you heard testimony that the Auditor, its insurance adjuster and the insurance company's attorney were not answering your requests to have your original papers returned, even after a Federal lawsuit was filed. What would you think? They did not even respond to request - NO Response. This caused a delay in TAUG doing a needed re-audit of 2014 for 9 months. What if you were being fined $1000.00 a day from a financing company and they still did not return your paperwork.

Here are definitions, make up your own mind if this is just a nuisance lawsuit or not. I think not.

These numbers can add up fast and insurance companies have deep pockets

Punitive Damages

http://legal-dictionary.thefreedictionary.com/Punitive+Damages

Treble Damages[color=red][/color]

Treble damages are awarded at the discretion of the court, but the court needs grounds – a legally acceptable reason. The individual you've sued must not only be guilty of some wrongdoing, but he must have committed the act deliberately, knowing it was wrong. This is in contrast to negligence, which can occur out of ignorance or oversight. An order of treble damages is meant as punishment, not just to compensate you for money you lost because of the defendant's actions. Courts generally award treble damages in corporate lawsuits, such as antitrust matters or patent violations, but they can extend to personal injury lawsuits as well.

Purpose
Courts generally award treble damages as a deterrent. The intention is to convince the defendant – or anyone else considering the same crime, for that matter – that he really doesn't want to commit the illegal act again because the repercussions might be far greater than he ever anticipated. Treble damages are typically awarded in situations where the defendant violated the public good, such as excessive or repeated drunk driving charges that finally result in a fatality.

Burden of Proof
Judges and juries don't award treble damages lightly. If you or your attorney believe that the defendant in your case acted with intentional malice, you must prove to the court that this is so, that a law exists that should have prohibited him from taking the action, and that he willfully disregarded the law. You have the burden of proof to establish these things, and you must usually establish the request when you begin your case, requesting such an award in your initial lawsuit.
TIC TOC TIC TOC WHAT TO DO!!!!!!!!!!!
BLACKCAT7717

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