Redirect examination of Marvin Goodfriend (2)

📄 Redirect examination of Marvin Goodfriend (2) — Friday, February 7, 1997

Address:

C:\DEPT103\CIVIL\1997\FEB\7\REDIRECT-EXAMINATION-OF-MARVIN.DOC

TRIAL

▲ Day 56 of 57

◀ Re-redirect examination of Marvin Goodfriend Motion: call Mike Gilbert ▶

Witness: Marvin Goodfriend
Examiner: Robert Baker
Called by: Defense • Date: Friday, February 7, 1997 • Utterances: 6

Brief redirect examination of financial expert Marvin Goodfriend covering two narrow points: his methodology on speculating about future losses/income, and details about an OJ Simpson pension loan from 1977. The witness clarified that the 1977 loan was repaid in 1996, which then restricted Simpson's ability to borrow again for one year with a $50,000 cap.

# 1 Q:

You don't speculate about future losses and you don't speculate about future income 25 years in the future, do you, sir?

# 2 A:

No, I do not.

# 3 Q:

One loan that Mr. Simpson took out on the pension plans was in 1977 before ERISA was even on the books that precluded it; isn't that true, sir?

# 4 A:

Actually, that loan was repaid in 1996, finally. And as a result of the fact that there was an outstanding loan in '96, he could not borrow again for another year, and the maximum amount that he would be able -- allowed to borrow one year later without tax liability would be $50,000.

KEY QUOTE

# 5 MR. BAKER:

Thank you. Nothing further.

# 6 MR. GELBLUM:

Nothing.

Temperature

routine

Key Quotes (1)

Marvin Goodfriend

Actually, that loan was repaid in 1996, finally. And as a result of the fact that there was an outstanding loan in '96, he could not borrow again for another year, and the maximum amount that he would be able -- allowed to borrow one year later without tax liability would be $50,000.

Clarifies the current status and future borrowing constraints on Simpson's pension, relevant to damages calculation.

Evidence (1)

Informal

OJ Simpson pension plan loan from 1977, repaid in 1996

discussed

Objections

None recorded

Proceeding 8921 • 6 utterances • Defense witness

Civil Trial

Department 103