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I use $10 million as a place holder as I am not privy to the settlement documents and rarely even in the most favorable settlements do you receive the initial filing demand amount. I will say this next part with as much cushion and care as possible, as I don't want to offend. In 25 years of similar work, no one settles an 8 figure lawsuit in 3 months because they want to be done with someone, it is unheard of. It was most likely settled because the defendants likely exposure to damages upon discovery and entrance into public record are far greater than the settlement demand. |
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[QUOTE=John Run;1261008]I will say this next part with as much cushion and care as possible, as I don't want to offend. In 25 years of similar work, no one settles an 8 figure lawsuit in 3 mdonths because they want to be done with someone, it is unheard of. It was most likely settled because the defendants likely exposure to damages upon discovery and entrance into public record are far greater than the settlement
I think FM wanted to settle the lawsuit as quickly as possible to avoid prolonging it while they were on the road, so that every concert review didn't mention the pending lawsuit, for example. You're right, it was smart to settle- they fired him, despite having signed contracts to tour, so just give him the money and everyone signs a NDA and presto, the lawsuit is over. Lindsey got his money AND still got to tour solo, and FM got to tour without Lindsey. Everybody won, in the financial sense, and that was what I meant in my earlier post. Whether the settlement was $10 million or $14 million, the band was apparently more than willing to pay it in order to end the lawsuit. It's not like the money came out of their pockets, anyway. Maybe they each made $2 million dollars less from the tour than they would have, but with as much money as they all have, I doubt they had to pinch too many pennies. |
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