http://www.redding.com/news/2008/nov/13/suit-seeks-millions-gold-coins/ At least they want it in real money and not fiat paper.
Assuming they want $6 Million face value... that's clever. Assuming they were paid in the least valuable and worn $20 Liberty coins they could find, that's a value of $270 Million or so. Not bad.
Maybe someone is watching the precious metals market and expects gold to skyrocket once the powers that be stop manipulating the market.
Sounds like the lawsuit is BS. They got together, the young peeps, and formulated their own story of the events. :whistle: I also found this article: http://www.redding.com/news/2008/nov/14/dagg-sued-by-insurance-company-trying-to-avoid/ I find that one interesting, considering the coverage that was paid for and what they are now saying it doesn't cover, especially since it is illegal in several states to do what they actually cover. :kewl: Ribbit
It doesn't "pass the smell test", as one of the commentaries stated. As usual, the "news" is light on fact and big on attitude.
Based on similar incidents like this I've read reports of I'd be suprised if either side was being anything close to 100% honest about the incident, but of course I don't really know anything more than what I've read. Usually things like this either get dropped for lack of evidence... which will probably end up happening if the plaintiffs have no evidence of any kind to back up their accusations. If the defendants really have anything to hide they may settle for some amount to avoid the negative publicity. If I had to guess I'd say the whole incident is probably a result of both sides overreacting to actions of the other (and also each side exaggerating the other's actions). Legal recourse for such a situation is usually the court dropping the case as it's impossible to determine who did what when it's just one person's (or group's) word against another's. That is an interest lawsuit request though... never heard of a lawsuit that specifies the manner of payment of requested damages before.
