In this episode of the Trustcast Show, host Zane Myers talks with Paul K. Schrieffer, founding partner of P.K. Schrieffer LLP and the trial lawyer Lloyd's of London calls when massive concert cancellations or celebrity lawsuits explode. Paul shares inside details from the Michael Jackson "This Is It" tour insurance case, negotiating multi-million dollar ransom situations, deposing Kim Kardashian and Kanye West, and why his father's Nobel Prize-winning photographic memory runs in the family. He explains the reptile theory in litigation, why AI is changing insurance policy wording, and his philosophy on maintaining friendships with opposing counsel while destroying them in the courtroom.
What You'll Learn:
Michael Jackson's $17.5M insurance claim after death weeks before London residency
How he ordered the autopsy of Michael Jackson within 3 days
Settling for $2M after demand started over $100M - the "grandpa" negotiation
Judge later revealed: "I would have ruled in your favor completely"
Deposing Kim Kardashian and Kanye West's photographic memory
Ransom and kidnapping negotiations - how to bargain with captors
Serial kidnappers in the US and their psychological motivations
Nancy Guthrie case - current $1M ransom demand situation
Representing Universal Studios, NBC, Taylor Swift, Madonna, Foo Fighters
San Diego Padres stadium cancellation case
Cyber tech insurance and AI-related liability claims
Drafting AI exclusion clauses for London insurance policies
The reptile theory - how plaintiff's attorneys manipulate juries
Why he flips off opposing counsel Brian Panish in court (judge approved)
Bubble gum tactic - using emotions against opposing counsel
His father: John Robert Schrieffer, 1972 Nobel Prize in Physics
Courtroom vs arbitration - why he prefers juries
Opening offices in Orlando and Texas
"Chat under the bridge" strategy with opposing counsel
Why insurance defense lawyers aren't boring
Connect with Paul K. Schrieffer:
Email: [email protected]
Website: https://www.pksllp.com
LinkedIn: https://www.linkedin.com/in/paul-schrieffer-27427339/
Firm: P.K. Schrieffer LLP
Main Office: 2640 E Garvey Ave S, Suite 201, West Covina, CA 91791
Phone: 626-373-2444
California Bar #: 151358
Location: West Covina, California (Los Angeles area)
Education & Credentials:
J.D., Southwestern University School of Law (1990)
B.A., University of California at Santa Barbara
Member, American Board of Trial Advocates (ABOTA)
AV Rated Preeminent 5.0/5 by Martindale Hubble
California Super Lawyer (2014-2020+)
Admitted to Bar of Supreme Court of the United States
Notable Cases:
Michael Jackson "This Is It" tour insurance (Lloyd's of London)
Taylor Swift, Madonna, Foo Fighters, Kings of Leon tour cancellations
Kim Kardashian, Kanye West depositions
NBC Universal, Universal Studios Hollywood
San Diego Padres Baseball Club
Airbnb, Postmates litigation
Multiple ransom/kidnapping negotiations
Family:
Father: John Robert Schrieffer (1931-2019), 1972 Nobel Prize in Physics for BCS theory of superconductivity
Charity Work:
Shoes That Fit, Serenity Infant Care Homes
Chapters:
00:02 - Introduction & Michael Jackson Case
01:10 - First 48 Hours After MJ's Death
02:37 - The Insurance Claim Strategy
06:08 - Autopsy and Exclusions
09:19 - Negotiating with "Grandpa"
11:39 - Judge's Revelation - Would Have Won
14:14 - Training Young Lawyers to Control Emotions
16:26 - The Bubble Gum Tactic
18:39 - Maintaining Friendships with Opposing Counsel
19:07 - Ransom Cases and Negotiations
20:33 - Nancy Guthrie $1M Ransom Situation
23:38 - How Ransom Negotiations Work
25:51 - Serial Kidnappers in the US
27:00 - Insurance vs Plaintiff Work Balance
28:11 - Cyber Tech and AI Insurance Claims
30:20 - AI Liability and Policy Drafting
32:19 - The Reptile Theory Explained
36:10 - Courtroom vs Arbitration Preference
37:01 - Kim Kardashian Deposition
43:48 - London vs LA for Trials
44:46 - Shoes That Fit Charity
45:35 - San Diego Padres Case
46:14 - Kanye West and Photographic Memory
48:20 - Expanding to Florida and Texas
49:07 - Finding and Training Associates
51:27 - Best Way to Contact
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