From blogger Matt McClusker at Deliberations, a post on the settlement between the Psychic Readers Network and the Federal Trade Commission launches musings on whether consultants can really predict jury verdicts. Says Mr. McClusker in part:
In an end to an illustrious career, Miss Cleo and her Psychic Readers Network came to a landmark settlement with the Federal Trade Commission where the company sacrificed $500 million dollars in fees and paid a $5 million fine for deceptive business practices. This result brought three questions to my mind:
- A $500 million settlement! How much money was Miss Cleo Making? How much did she “psychically predict” a jury would award?
- This is just one example in a sea of settlements based on predictions of trial outcomes, I must ask: How accurate are these predictions?
- If I wore a turban and spoke in Jamaican accent, could I be a successful psychic litigation consultant? (Seriously. I cannot get over that $500,000,000 figure for a psychic hotline.)
He wonders, if consultants don't work, what about bumper stickers? I wonder about mentalists.
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