Transcripts for CNN Legal View With Ashleigh Banfield 201503

CNN Legal View With Ashleigh Banfield March 31, 2015 16:51:00

new york's law is different from connecticut's. connecticut gives noneconomic damages. new york's doesn't. >> what about the difference between a mechanic who might be sitting in row 21c and the wall street banker sitting in 1c. would they be complicated differently as well? >> yes. it deals with the economic damages. the law is designed to bring their potential position back to what it was before. >> the bankers' wife and children would have expected 20 or 30 years more of income level -- >> they've bought a house, put the kids in private school, perhaps. and the law says, look, you took that person, you took this earning stream, this support stream away, you have to replace it. unfortunately in a way, each life is valued the same. the law really doesn't value lives. it compensates families. >> it restores the families to where they were, whether they were kindergarten teachers or mechanics or bankers, et cetera.

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