Wednesday , October 23 2019

Pensioner Gets Compensation for Bad Bank Advice

A 91-year-old pensioner, who was wrongly advised about how to securely invest his life savings, has won almost 200,000 pounds in compensation for bad bank advice against his local branch of Barclays Bank.

Isaac Price (91) from Llandrindod Wells, Powys, was looking for an investment which would boost his savings without putting his savings at risk to enable him to pay for his care home fees. Having banked with Barclays for over seventy years, Isaac saw one of the bank´s financial advisors who recommended moving the money into a fund primarily composed of shares.

Unfortunately the value of the shares – and the fund into which Isaac had invested his life savings – fell considerably, and Isaac saw 75,000 pounds wiped off the value of his investment. Concerned about the loss of his savings, Isaac complained to the bank, who rejected his initial claim of professional negligence – stating that they were satisfied the investment was wholly suitable at the time.

However, under pressure from Isaac´s Member of Parliament, Roger Williams, Barclays Bank were forced into a U-turn and reconsidered the case. Admitting that there were “occasional errors”, Barclays Bank refunded Isaac with the funds he had invested into the failed investment scheme and paid him the interest he would have received in a standard savings account as compensation for bad bank advice.

Compensation for Death of Child Due To Misinformation

A grieving mother has agreed to a 20,000 pounds compensation for death of child settlement in respect of her malpractice claim against the hospital in which her son died while undergoing heart surgery.

Jaidon Vines was only eleven months old when he underwent a second operation at Oxford’s John Radcliffe Infirmary to close a hole in his heart. Hours after the surgery, which the medical team had described to his mother – Shara – as successful, Jaidon suffered a heart attack and died.

No post-mortem examination was carried out due to the surgeon´s explanation that Jaidon had died because of his heart condition, however experts later established that tubing inserted into Jaidon´s heart in the first operation had not been removed before a further tube was inserted during the second surgery.

After discovering that the John Radcliffe Infirmary had not been honest with her about the risks involved with the second surgery, and that her son could have lived for a further thirty years had the surgery been performed correctly, Shara Vines made a malpractice claim for compensation against the hospital.

Claiming compensation for death of child due to misinformation, Shara´s legal representatives called on expert witnesses who testified that the second operation was unnecessary in the circumstances and that on the balance of probability Jaidon would have survived for a considerable period of time without it.

The John Radcliffe Infirmary made an offer of settlement in the amount of 20,000, which Shara accepted under advice.

Wrongful Death Accident Compensation for Landslide Families

The Chinese government has announced that families of the thirty-five victims known to have perished in the Jiwei Mountain landslide are each to receive 200,000 Yuan (29,200 US dollars) in wrongful death accident compensation.

The decision to pay wrongful death accident compensation was made following an investigation into the tragedy in Hongbao, Western China, in which the privately owned mining company, Sanlian, was found to have ignored government warnings of “possible geological dangers”. Claims that Sanlian had continued a program of excessive drilling and mining were confirmed when it was discovered that the company failed to adhere to the terms of their operating licence.

Officials announcing the news of the wrongful death compensation settlements stated that the amounts represented the standard compensation payments for fatalities from negligent accidents and took into consideration that the government had already offered the villagers of Hongbao 5,000 Yuan to move in 2003 because of the known unstable terrain. It was also revealed that one of the mine´s owners – Su Xianyun – had been taken into police custody.

This followed a similar tragedy in 1994 in which seventy-nine people were killed. At the time of the previous landslide the cause of the accident was attributed to the geology of the area and no wrongful death accident compensation awards were made. However government officials have now said that the investigation into the disaster may be re-opened to determine whether excessive mining was also responsible.

Tube Driver Awarded Damages for Severe Emotional Trauma

The driver of the London Underground train on which Jean Charles de Menezes was mistakenly shot dead has been awarded 1,000 pounds in damages for severe emotional trauma by the Criminal Injuries Compensation Authority (CICA).

Quincy Oji was the driver of the Northern Line train in July 2005 which was boarded by police in pursuit of the suspected suicide bomber and, as the unfortunate shooting took place, Quincy fled from his cab and ran into the tunnel. The CICA tribunal heard that Quincy was chased by armed police and in his panic tripped and fell to the ground.

Following the incident, Quincy was diagnosed with Post Traumatic Stress Disorder and had to take a considerable amount of time off from his job before he was passed fit to continue driving trains.

Quincy´s original claim for damages for severe emotional trauma was rejected on the grounds that he was some distance from the shooting but, after seeking legal advice, Quincy appealed against the decision and, almost four years after the fateful incident in Stockwell Underground Station, was awarded personal injury damages amounting to 1,000 pounds.