Since compensation was awarded in the amount of $7m, I hope punitive is at least $70m...is that too much to hope for?
doinmypart
JoinedPosts by doinmypart
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Watch Tower Pennsylvania Corporation Balance Sheet
by Marvin Shilmer inwatch tower pennsylvania corporation balance sheet .
today i added a new article to my blog addressing a dated and signed statement by the watch tower corporation of its financial worth.
this information is provided for benefit of a jury that has already found in favor of a single plaintiff to the tune of 7-million us dollars and will today be asked to consider whether punitive damages should be added to its finding for the plaintiff.
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Watchtower found guilty ruled to pay 7 million to 1 victim? wow
by yourmomma inis this recent?
http://www.silentlambs.org/oaklandlawsuit.htm.
i havent seen anyone post about it, the link has a pdf on it of the court documents, and it looks like the stamp is from 5/12 but its blurry.. .
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doinmypart
This $7m judgment will eat up the money the WT made on one of their recent property sells for $6.6m. Hopefully punitive will come in at an even higher dollar amount.
This is such good news. I've forwarded to JW family and friends.
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Watchtower found guilty ruled to pay 7 million to 1 victim? wow
by yourmomma inis this recent?
http://www.silentlambs.org/oaklandlawsuit.htm.
i havent seen anyone post about it, the link has a pdf on it of the court documents, and it looks like the stamp is from 5/12 but its blurry.. .
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doinmypart
Refriedtruth, I agree. IMO this is bigger than a lot that has happened to the WT in the last decade or so. This not only hits the WT in the pocketbook, it also gets publicity the WT would rather not have. Past cases have been gagged, but not this one...and you say the "best is yet to come..." I can hardly wait.
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Watchtower found guilty ruled to pay 7 million to 1 victim? wow
by yourmomma inis this recent?
http://www.silentlambs.org/oaklandlawsuit.htm.
i havent seen anyone post about it, the link has a pdf on it of the court documents, and it looks like the stamp is from 5/12 but its blurry.. .
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doinmypart
Good to hear this victim is getting damages against the WT. Also, under California law the victim/plaintiff is not prohibited from talking about the case so more people will know what has happened. I hope the WT continues to pay for their ridiculous policies.
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The Watchtower's money problem
by stuckinamovement inthe 8/15/12 report on the annual meeting contained very interesting information.
in october of 2011, guy pierce reported that plans were moving forward with the construction of the new headquarters complex in warwick and tuxedo.
he mentioned that after the project was finished in 4 years then the society would then sell off the brooklyn properties.
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doinmypart
SIAM
I was thinking the same thing.
Another reason I think they're having money/liquidity problems is a recent letter sent to KHs with construction loans from the WTS. Each year the WTS wants the BOE to poll congregation publishers for how much they can pay monthly towards their loan. I think they're interested in early loan payoffs.
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Is the WTS "refinancing" KH loans?
by doinmypart inmy mom's kh was built last year with a loan from wts.
she was talking about a letter to all congregations with loans from wts.
the letter was asking the publishers how much they can pay towards a refinance.
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doinmypart
Yeah, I forgot about the zero interest. My mom said "refinance" but could have meant "early pay off". The publishers had to fill out slips of paper telling how much they could pay each month (even though they did this before the loan was taken) and they have to do this annually.
I can't see the WTS reducing the loan payment or "forgiving" the loan altogether for congregations having trouble paying the loan...or would they?
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Is the WTS "refinancing" KH loans?
by doinmypart inmy mom's kh was built last year with a loan from wts.
she was talking about a letter to all congregations with loans from wts.
the letter was asking the publishers how much they can pay towards a refinance.
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doinmypart
My mom's KH was built last year with a loan from WTS. She was talking about a letter to all congregations with loans from WTS. The letter was asking the publishers how much they can pay towards a refinance. Is this correct? Anyone else hear about something like this recently? This is in the U.S.
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What's the JW reaction to new 16 page mags????
by diamondiiz inif you've been to the meeting when the letter was read, what was jw reaction????
just curious if it was just another sign that the end is nearer or did any wake up for a second to realize the corporation is downsizing due to costs..
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doinmypart
I went to my wife's KH yesterday. After the elder read the letter he asked, "Isn't that good news?" and then everyone applauded.
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Will smartphone/internet access lead to JW declines in Africa?
by doinmypart insamsung expects to grow the african smartphone market up to 20% within a year.
with the smartphone people have greater access to the internet.
i know many of the developing countries in africa have limited infrastructure and access to electricity, but i would think companies like samsung have plans in place to build up the market.. do you think enough phones (and subsequent internet access) will rollout to cause an impact on jw numbers in africa?
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doinmypart
Samsung expects to grow the African smartphone market up to 20% within a year. With the smartphone people have greater access to the internet. I know many of the developing countries in Africa have limited infrastructure and access to electricity, but I would think companies like Samsung have plans in place to build up the market.
Do you think enough phones (and subsequent internet access) will rollout to cause an impact on JW numbers in Africa? I suppose it might be small at first, but every little bit helps.
http://www.reuters.com/article/2012/03/22/us-samsung-africa-idUSBRE82L0RU20120322
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March 2012 Aux Pioneering
by truthlover inso far what is the response to the aux pioneering this year vs last year?.
in our cong - only 10 so far vs 52 last april.
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doinmypart
NRFG - One of my JW relatives is doing the same thing, getting his 30 hours in by this coming weekend. He doesn't want to participate in the special campaign starting later this month, so he's getting his time in and then chillin' out the rest of the month.