defining present value as the total sum of future payments based upon the plaintiff's projected life expectancy discounted to reduce the sum to its value in "today's dollars"
How later courts described this case
- defining present value as the total sum of future payments based upon the plaintiff's projected life expectancy discounted to reduce the sum to its value in "today's dollars"
Written by the judges who cited it.
The opinion
SULLIVAN, Justice,
concurring and dissenting.
I concur in the Court’s opinion except as to sanction. I agree that respondent’s career and contributions to the profession are weighty mitigating circumstances. I nevertheless believe a period of suspension is warranted. While I would find a public reprimand sufficient sanction for any of the violations standing alone, I believe it is insufficient for the combination of violations committed here. I do concur with the Court’s directing the respondent to refund the excess of the fee with interest and to reimburse the clients for the attorneys fees they incurred to prod him to complete the project.