Court awards to children decimated by financial crisis
In addition, “wildly over-optimistic” actuarial assessments of what the return on investment will be gives rise to serious under-compensation of victims, according to Michael Boylan, solicitor at Augustus Cullen Law.
Mr Boylan, an expert in medical negligence litigation specialising in birth injury claims, said he had personal knowledge of cases where portions of lump sum awards had been invested by the Wards of Court Office “in so called blue chip investments/equities including Irish bank shares” that were now “effectively worthless”.
