I was involved in a two million dollar lawsuit almost 30 years ago. My firm and I were the defendants, a large NYC law firm was representing a bank that was defrauded by one of our clients.
There was a lot of activity circling around us, files were exchanged, nasty threats were made. At the end of the day, the bank had no case against us, none. They made a loan based on their own internal audit team and their numbers were not even close to the numbers on our audited financial statements from just 8 months earlier, so there was no reliance on us which destroyed their case.
Our malpractice insurance company still offered $ 100,000 to settle the case, because they said it would cost at least $ 50,000 to depose everyone. The bank accepted, so we settled for $ 100,000 when we thought we would win for sure
That's how the legal process works, that's how and why settlements are reached
I hear you. You were involved in a two million dollar lawsuit. And settled for 100,000.
Kaeperknick was involved in how much of a lawsuit? I think it was a lot more than 60-80 Million. He did this right. With all the lawyer fees and other people in the suit, he isn’t going to walk away with 60-80 Million. But it wasn’t a lawsuit for 2 million. It was a lawsuit for a lot more. They hindered his career bro. Potentially he could have made millions playing if they didn’t do what they did. One team finally came to their senses and picked up Eric Reid and he played like he didn’t miss a beat. Looked like a pro bowler. So there was clear factual evidence. They had a case. All you have to do is run down a list of QBs who got starting qb jobs over the past two years. But like I said I am sure they had much much more evidence.