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Sizeable companies juggle hundreds of lawsuits simultaneously. Mostly even the financial press doesn't highlight it because to a large company most lawsuits are
by vba616 4y ago
Sizeable companies juggle hundreds of lawsuits simultaneously. Mostly even the financial press doesn't highlight it because to a large company most lawsuits aren't "material" which means they don't have to be detailed in public SEC filings. They can be a big deal to an individual who, say, had their life ruined from a product defect, or lost their life savings, but they're mosquito bites relative to corporate finances.
The normal reaction from executives is irritation and propaganda against 'frivolous' lawsuits and plaintiff lawyers.
If someone is in mental distress who knows what would put them over the edge, but I don't think such a lawsuit constitutes any sort of explanation in itself.
- junofan 4y agoHe also must have (had) insurance right? Would guess it was personal stuff.