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> They are now likely to pay much less... So then why did they choose to settle? That makes no sense. The only reason a defendant settles is to minimize pote
by qarl 2y ago
> They are now likely to pay much less...
So then why did they choose to settle? That makes no sense. The only reason a defendant settles is to minimize potential losses.
- micromacrofoot 2y agopredictably of asset distribution, the end of a long campaign of bad pr, and government pressure (which is now fairly deflated) the settlement was also in the interest of the government, which may now end up with tens of thousands of separate suits to manage and $6bn less to help manage the crisis unfolding in the meantime don't get me wrong, the sacklers could end up worse off... but it's a big if and will take much much longer
- FactKnower69 2y ago>The only reason a defendant settles is to minimize potential losses. ???
- qarl 2y agoCompanies don't give away their money for free. If a company voluntarily enters into a settlement, it's because they think they're saving money somewhere else. In this case the Sacklers are granted immunity to all future lawsuits.