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Seminoles pay Jameis Winston Rape Victim 950,000

 
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Post Seminoles pay Jameis Winston Rape Victim 950,000 Nature Boy Florida
Why in the world doesn't Jamies have to pay?
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1/25/16 6:07 pm


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Post Dave Dorsey
Because it was a Title IX suit against FSU and didn't involve Winston. [Insert Acts Pun Here]
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1/25/16 6:32 pm


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Post Nature Boy Florida
Has Winston been in court for the civil lawsuit yet?
I know he got away with the criminal penalty already.
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1/25/16 6:34 pm


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Post Dave Dorsey
Both the state attorney and FSU found the allegations unworthy of charges. I don't think "getting away" is the way that is described unless you are an arch feminist who believes every allegation of sexual assault is true no matter what. [Insert Acts Pun Here]
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1/25/16 6:44 pm


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Post Nature Boy Florida
Hey, you and Hillary can never believe the woman if u want - but if FSU had to pay - why doesn't Jamies?

Doesn't no mean no?
Doesn't incapacitated mean no?
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1/25/16 6:54 pm


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Post Cojak
Some decisions confuse the day-lights out of me, this is one! Confused Confused
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1/25/16 7:03 pm


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Post Dave Dorsey
He probably should not have to pay anything in relation to a case for which he wasn't a defendant, no. [Insert Acts Pun Here]
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1/25/16 7:03 pm


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Post Nature Boy Florida
Dave Dorsey wrote:
He probably should not have to pay anything in relation to a case for which he wasn't a defendant, no.


I guess not.
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1/25/16 7:49 pm


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Post Cojak
But is obvious someone believed someone did something wrong. That is a lot to pay if you are 'NOT SURE'. That situation is confusing, for sure~ Confused
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1/26/16 1:34 pm


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Post Dave Dorsey
Cojak wrote:
But is obvious someone believed someone did something wrong. That is a lot to pay if you are 'NOT SURE'. That situation is confusing, for sure~ Confused

That doesn't really follow, and the settlement specifically included language that there was no admission of fault. A Title IX case can be extremely expensive, and there's no way for an organization to tell if it will be victorious, even if the facts are on their side. (I'm not saying the facts are on FSU's side, I'm just presuming innocence absent any convincing evidence to the contrary, as we all should.) $950k is a lot to us, but it's a pretty meager sum for a university to pay to ensure 100% that the risk of a much larger verdict is eliminated.

Keep your ears open for news about settlements -- you see them all the time for cases that are absolutely ridiculous (again, not saying this case is ridiculous, or not ridiculous; just saying that you see settlements for ludicrous cases all the time), because when you're trying to manage your risk, much of the time it makes more sense to just pay to make the risk of a much larger verdict go away.

As an example, if I told you you have a 10% chance (not very high) of having to pay me $120, but you could make all of that go away for $10, would you give me $10? You should, every single time. It's the most cost effective way for you to manage the risk I am presenting.
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1/26/16 2:45 pm


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Post Cojak
Dave Dorsey wrote:
Cojak wrote:
But is obvious someone believed someone did something wrong. That is a lot to pay if you are 'NOT SURE'. That situation is confusing, for sure~ Confused

That doesn't really follow, and the settlement specifically included language that there was no admission of fault. A Title IX case can be extremely expensive, and there's no way for an organization to tell if it will be victorious, even if the facts are on their side. (I'm not saying the facts are on FSU's side, I'm just presuming innocence absent any convincing evidence to the contrary, as we all should.) $950k is a lot to us, but it's a pretty meager sum for a university to pay to ensure 100% that the risk of a much larger verdict is eliminated.

Keep your ears open for news about settlements -- you see them all the time for cases that are absolutely ridiculous (again, not saying this case is ridiculous, or not ridiculous; just saying that you see settlements for ludicrous cases all the time), because when you're trying to manage your risk, much of the time it makes more sense to just pay to make the risk of a much larger verdict go away.

As an example, if I told you you have a 10% chance (not very high) of having to pay me $120, but you could make all of that go away for $10, would you give me $10? You should, every single time. It's the most cost effective way for you to manage the risk I am presenting.


I see your point, BUT I STILL DON'T LIKE IT! Embarassed Very Happy Very Happy Very Happy (The $10 is in the mail) Sad
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1/26/16 7:28 pm


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Post georgiapath
Dave Dorsey wrote:
Cojak wrote:
But is obvious someone believed someone did something wrong. That is a lot to pay if you are 'NOT SURE'. That situation is confusing, for sure~ Confused

That doesn't really follow, and the settlement specifically included language that there was no admission of fault. A Title IX case can be extremely expensive, and there's no way for an organization to tell if it will be victorious, even if the facts are on their side. (I'm not saying the facts are on FSU's side, I'm just presuming innocence absent any convincing evidence to the contrary, as we all should.) $950k is a lot to us, but it's a pretty meager sum for a university to pay to ensure 100% that the risk of a much larger verdict is eliminated.

Keep your ears open for news about settlements -- you see them all the time for cases that are absolutely ridiculous (again, not saying this case is ridiculous, or not ridiculous; just saying that you see settlements for ludicrous cases all the time), because when you're trying to manage your risk, much of the time it makes more sense to just pay to make the risk of a much larger verdict go away.

As an example, if I told you you have a 10% chance (not very high) of having to pay me $120, but you could make all of that go away for $10, would you give me $10? You should, every single time. It's the most cost effective way for you to manage the risk I am presenting.


Nope, if I wasn't guilty I wouldn't give you the $l0.00.
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1/28/16 2:26 pm


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Post Dave Dorsey
georgiapath wrote:
Nope, if I wasn't guilty I wouldn't give you the $l0.00.

Then you definitely don't have a future as a risk manager. Laughing That guy couldn't care less, he just wants to choose the path that will cost his organization the least because that's his job.

In my example, the cost of giving me $10 is $10, and the cost of not giving me $10 is $12 (that is, once you have valuated the probability, the average cost of that decision is $12). Therefore, you should always give me $10, irrespective of any other facts.
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1/28/16 2:37 pm


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Post bonnie knox
Quote:
irrespective of any other facts


That's a mouthful. There are some situations when the other facts might mean something worth more than money.
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1/28/16 3:03 pm


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Post Dave Dorsey
bonnie knox wrote:
That's a mouthful. There are some situations when the other facts might mean something worth more than money.

Not to a risk manager who is evaluating a settlement which includes no admission of fault. That's my point. I'm not talking about you and me, for whom your statement would definitely be true.
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1/28/16 3:37 pm


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