On Thu, Nov 29, 2012 at 1:58 PM, Larry Medina <[log in to unmask]>wrote:
>
>
> Actually it was Mobil Oil Corp,
and the value was over $20k/box. Most of
> the records lost were related to underground tank surveys at service
> stations, and included ground penetrating radar results, drawings, vadose
> zone monitoring reports and other supporting information required by EPA to
> certify tanks were not leaking and that chemicals weren't leaching into
> groundwater.
>
" The jury award included $8,981,441 for the value of the 67,000 boxes of
Mobil Oil's documents destroyed in the fire, $7,406,558 for lost tax
deductions, and $1,347,654 for lost UST remediation reimbursements because
supporting documentation was destroyed in the fire. In addition, the jury
awarded Mobil Oil $3,015,000 for the destroyed marine technical library and
ship drawings. "
http://www.thefreelibrary.com/Jury+awards+$20+million+in+damages+for+value+of+lost+records.-a099236480
whether it was $10K or $20k per box is irrelevant the key point is that
plaintiff's counsel as a result of the detailed information about each box
was able to show what the estimated cost to reconstruct the information
would be. This just serves to remind us that accurate inventories are
critical as well as making sure that vital or critical records are
accurately identified and appropriately protected
--
Peter Kurilecz CRM CA
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Richmond, Va
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