Legal Wisdom: A Legally Mine Blog
The following is just an example of the craziness that exists in our world today. It’s a portion of the “Special Medical Report on Lawsuits” that is distributed by Legally Mine – your comments are welcome!
Also if you have any similar experiences you know of please share, it is good that we all are aware!
Judgment Exceeds Malpractice Insurance
$2.1 Million Judgment Causes Dr. Velis to Lose Everything, Even Retirement Savings
Dr. Velis was a sixty-three year old orthopedic surgeon in New Jersey. He and his wife (office
manager) worked together in a professional corporation under his name. They had three children, two
of whom were attending college at the time. The doctor and his wife had substantial assets invested
and accrued in a retirement plan that had been set up within the professional corporation. They were
in the process of obtaining a loan to buy the professional building…
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