Members' Attorney Napier Goes on the Offensive
Money from the Great Western settlement has been re-distributed to the former TAI members who were entitled to it. Those of us who didn't get a check will have to wait for additional settlements to be concluded.
There are more than 12 additional lawsuits pending against companies that engaged in similar schemes. They won't get off so easy! The companies that took our money were not innocent third parties. They knew what they were doing. They expected that they could bully us into giving them more money because of their size, their access to expensive law firms, and our relative helplessness.
It is this writer's expectation that Mr. Napier might consider going after some kind of punitive penalties as he pursues the bad guys.
A common tactic in this kind of litigation is to delay settlement in the hope that the claimant (Mr. Napier's class of former TAI members), will go away or that their case will weaken, but not in this case. The longer these companies delay settlement, the more evidence Mr. Napier has been able to accumulate to strengthen his arguments and possibly increase the amount of the expected monetary awards. He has also been able to identify and build a case against additional defendants.
We knew at the beginning that this process would not be concluded quickly.
Mr. Napier has accumulated a war chest of money and considerable additional evidence pertaining to the remaining defendants. This evidence has been accumulated as a result of settlements with certain companies, individuals and court orders. In some cases he is eager to get the bad guys into court, in others, he is still accumulating additional evidence.
To quote my good friend Barbara Mozingo (NAM VP),
We need to be patient. Things seem to be going well. Mr. Napier is accomplishing much for our group that none of us could have hoped to do by ourselves.
Dan Hopper, NAM
Previous Update - March 2002