Quote from segv:
If they do business in the United States with United States citizens, they can be sued here. Whether or not the plaintiff ultimately wins the case, the cost of defending a Federal lawsuit can easily exceed $200,000.00 USD in the discovery phase alone.
I hate to break it to you, but if you are a US Citizen or foreign national living and working in the United States, there is no safe haven for you. Such shelter arrangements were theoretical protections in the pre-9/11 world, but in the post-9/11 world they are laughable.
-segv
I always talk"Real World" not some crap that is always talked about on message boards.
The best attorney will always tell you UP front, "Winning the case is easy, collecting on that Judgement is the Hardest part."
Do not be naive enough to think that anyone can sue Wall St.
My attorney once showed me a chart of Cases Won vs monies actually collected. After all cost were paid you were lucky to get 10-12 cents on the dollar.
The whole civil system sucks, the only people who make money are the F'n lawyers, period.
Anyone who thinks otherwise is a naive fool.
Try and get my money, just try. Yes, there were agreements that were signed after 9-11 to make it easier for the US govt to get your money.
Since then I have made other changes to stop anyone from getting my money.
About the only persons who would have a chance at getting my money would be the US govt if I were a TERRORIST.
Guess what, I am NOT.
NO civil matter will ever see my cash. I was sued in 2001 and I did NOT defend myself. The LOSER Plantiff was so confident he would destroy me I let him "Think" he had a chance at getting my money.
I hired a lawyer and told him to drag the case on as long as he could without it costing me more than $12,000. I showed my lawyer how I was Judgement proof and he laughed.
The other attorney never even bothered to run a search of my home to see how Title was held. My guess is that the other attorney didn't friggin care.
The Plantiff hired a ton of Experts to destroy me. The Plantiff spent over $60,000 to win $240,000 from me.
I let him win because I was not going to defend myself.
After not paying the judgement for 2 years I was hauled into court. I had to provide all legal docs, tax forms, holdings, etc...
5 Min into the proceeding (Discovery of Assets) the other attorneys jaw dropped. He said "we aren't going to get any money from you, are we?"
I said "not one fuggin penny." The attorney said "job well done, we were wondering why you didn't aggresively defend yourself. This explains it."
He was very cordial and told me HIS client would go ballistic, which he did.
The plantiff hired 2 more law firms since then and both told him he can't get one penny from me.
To date I owe him over $400,000.
as they say, good enough for government work.
you certainly don't own anyone here an explanation.