Credit Suisse Ordered To Pay $287.5m Over Flawed Appraisal

[kiritf]

These kind of cases create a lot of interest in the appraisal community *** BUT** 75% of these are over-turned on appeal and even if the judgement stands NOBODY is going to pay it . The attorneys had probably already walked over to the bankruptcy court before the case was over. The judgement or ruling is not worth the paper it's written on especially in Texas : ) LOL

Exxon still hasn't paid their fines from the Valdez oil spill. They got it reduced from 2.5 billion in 2008 to $507m. They said anything above $25m was excessive and haven't paid anything for the fine. They spent a ton on the cleanup and some civil suits; however, Exxon Valdez incident shows you these things are no big deal. That was 26 years ago.....