Posted On: August 7, 2008, 4:36 pm CDT

Posted By: Miles

Bob, you're wrong. ("If the Schwab retirement account had gained $500,000 do you think there would have been a lawsuit?")

Of course not, because if the value of the account had gone UP there would've been no loss.

>"(...and who didn't lose lots of money during this period of the dot com collapse)?"

If Schwab had acknowledged Goeres as the beneficiary in the first place instead of dragging their feet for 16 months, THERE WOULD'VE BEEN NO LOSS. Goeres would've been able to sell the stock and get out of the market before it sank another 500 grand.

As for Amschwand, you say "if there were no limit to the employer's liability for benefits many medium to small companies would drop them completely." But you've got it all wrong. Who said anything about no limit to the employer's liability? Melissa Amschwand isn't suing for unlimited damages, she's suing for the face amount of the life insurance policy -- the insurance policy that her husband EARNED by working for Spherion and contributing premiums.

This case truly is an outrage.