“Under the 'deep pockets' theory favored by many juries, big companies end up subsidizing consumers and lawyers.”
—Barbara Hackman Franklin, former U.S. Secretary of Commerce (1992)
Can anyone recall the Latin maxim for the legal principal of profundus marsupium? Probably not because I just invented the term using a Latin translator. It roughly converts to “deep” (profundus) “pockets” (marsupium.) For a large insurance carrier, the perception of having “deep pockets” is a common concern, and based on some trials, it seems there are law schools aggressively teaching a form of profundus marsupium.
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