A 59-year-old plumber was driving in downtown Los Angeles, CA when he struck our client, a homeless man, with his car while the homeless man was lawfully in a crosswalk. The homeless man suffered a extensive soft tissue injuries as well as a fractured ankle and internal injuries. He was transported to the local hospital where he was treated.
Jorgensen and Salberg, LLP proved that the driver of the vehicle was responsible for the severe injuries caused to the homeless man, and the Plaintiff was granted a $1.25 million dollar settlement.
Our client intends to buy a small condo with the proceeds from the settlement, and purchase an annuity with the remainder. An annuity is a continuing payment with a fixed total annual or monthly amount. Jorgensen & Salberg, LLP is encouraging its client to purchase a life annuity, which is a financial contract with an insurance company providing payments for a person’s lifetime.
Fortunately, with the purchase of the condo and his life annuity, our client will never spend another night sleeping on the streets or in an alley.
To read more about collecting money after a civil judgement click here.