White Coat Investor Podcast WCI #305: Navigating a Law Suit
Mar 9, 2023
An anonymous surgical specialist shares his gripping journey through a multi-year malpractice lawsuit. He dives into the emotional upheaval and practical challenges of legal battles, from initial reactions to deposition intricacies. Listeners learn about the importance of hiring personal counsel, navigating aggressive settlement demands, and understanding insurance policies. The guest highlights the mental toll of litigation and offers valuable insights on preventive strategies for physicians. His experience is a candid look at the complexities and stresses of medical malpractice.
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Threatening Early Settlement Demands
- The plaintiff demanded the physician's policy limit early and sent threatening letters aimed at personal wealth.
- Those demand tactics intensified stress but didn't immediately change the physician's decision not to settle.
Hire Personal Counsel Before Trial
- Hire your own personal attorney before trial to represent only your interests and coordinate strategy.
- A personal lawyer can negotiate, clarify policy rights, and pressure carriers toward favorable outcomes.
Policy Details Can Change The Game
- Policy wording and structure matter deeply and can be surprising under pressure.
- Clarifying limits and whether company and individual policies stack can change settlement strategy and reporting obligations.
