Wednesday, July 13, 2011

China: Cap and Trade and Litigate

NEW YORK - A champion Chinese gymnast who was paralyzed in an accident at the 1998 Goodwill Games has reached a deal with insurance companies and USA Gymnastics to provide her with medical care and rehabilitation in China, along with financial help, her lawyer said Tuesday.

The lawyer, Ming Hai, said he could not divulge details of the deal. Still, he said it will provide up to $10 million in cash and health care over the lifetime of the 30-year-old Sang Lan.

"Once again, when she's in trouble, the American people step forward and help her. It's great because this is what America's all about," Hai said.

Hai filed a lawsuit earlier this year in US District Court in Manhattan seeking $1.8 billion on Lan's behalf. He named as defendants AOL Time Warner Inc., USA Gymnastics, TIG Insurance Co., TIG Specialty Insurance Solutions, Riverstone Claims Management LLC and various other defendants.

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