Originally Posted by
digger
The mistake NZO did with handling the PIKE tragedy was to give up the 25 million so soon after the accident. This is the only fault I came lay at their feet. Why it was a mistake is that it did not take the human condition into account and now we are asked to pay for this once again.
By giving 25 million so soon after the accident it just makes it that much easier for the legal fees to rise to meet that sum. In any settlement of this nature the banks always cream it to 100% and the legal boys are never far behind and that is exactally what NZO payment of 25 million allowed to happen. Let us imagine that the 25 million never happened and now NZO were to give this few million to settle with the families. Suddenly with far less outlay NZO would be seen in a favourable light.
To me the Judge should have said that NZO alone has contributed and neither the Bank or the Legal profession have done nil and in fact have creamed it.
I would be totally opposed To NZO giving any more monies without some coming from, Banks, legal ,and the govt for not closing the mine. Also I believe Balance should be digging into his pocket as he knew about this accident well in advance but chose to do nothing.