|Posted: January 30, 2008, 4:34 am - IP Logged|
I posted this news article about a guy who won a 1.8 million lotto, but the ticket originally was printed in error so he ask for it to be reprinted, which I did not know it could be done. Anyway what would you do in this situation??? Fight it out in court or throw chances to the wind, also has anyone encountered this issue with any ticket, winning or not??? It just seemed odd......
Australian wins, then loses, then wins $1.8M lottery
SYDNEY, Australia — An Australian retiree won a $1.8 million lottery prize, then lost it, and then won it again today through a court ruling.
Werner Reinhold bought the lottery ticket at a newsstand in Australia's largest city of Sydney on Sept. 19, 1995. His original ticket did not print correctly, so he asked for a new one, which turned out to be the winner.
But when Reinhold, now 73, went back to claim the $1.8 million jackpot, he discovered that the replacement ticket had been canceled, not the misprinted original, and was unable to claim the prize.
He sued NSW Lotteries, which oversees lottery tickets in New South Wales state, and the newsstand which sold him the ticket.
Supreme Court Judge Reginald Barrett awarded Reinhold $1.8 million in damages, citing negligence and breach of contract by the newsstand and the state lottery company. Barrett had not yet ruled on what portion of the award each party should pay.
A few years ago, billionaire Warren Buffett advised "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."