4 ms·

Can someone explain why a company being sued needs a lot of money to survive?

• sandworm101 11y ago
  (1) Lawyers are expensive. (2) Going to court without a lawyer is even more expensive. (3) With an outstanding legal issue the company will find it hard to access credit. (4) Many assets may be locked-down pending the outcome of the lawsuit, making it difficult to sell things, enter into new contracts or use said assets as collateral on loans.