Thanks to the careful reading of one of LLB’s
followers, we have learned of two errors in our statistical reporting for FY
2017. We strive to record data
accurately and in real time, but appreciate input from readers to help us
correct the inevitable (and hopefully only occasional) mistakes. With gratitude, we have
now adjusted the statistics to reflect the following:
- The Allied
Mortgage jury verdict was inadvertently recorded twice in our
statistics – once at the original amount awarded by the jury, and again as a
second entry recording the total amount after trebling and assessment of
penalties. To correct for this, we have
removed the first entry from our records, resulting in a decrease of
$92,982,775 and one recovery from the year’s totals.
- The CMC
II jury verdict was inadvertently not updated following trebling and
assessment of penalties on that award.
Although payment of the final amount has been stayed pending appeal, we
still should have recorded that number as it remained valid as of the close of
the fiscal year. To correct for this, we
have adjusted the monetary value of the CMC II entry in our records to reflect
the larger amount, resulting in an increase of $231,862,905 of recovery for the
All in all, the result of these corrections is a net increase of $138,880,130 for FY 2017. We have updated our prior analysis of the year’s trends here, here, and here, to reflect these changes. Thanks again to the reader who pointed out these errors, and we hope to hear from more of you as the new year begins – it is a pleasure to get feedback from our followers, and your careful inspection helps keep the data as accurate as possible.