3 ms·
Lawyers have to paid now till then. Companies settle much faster typically to reduce some of this costs, it ends up being cheaper. Also many of these will be
by manquer 2y ago
Lawyers have to paid now till then.
Companies settle much faster typically to reduce some of this costs, it ends up being cheaper.
Also many of these will be resolved through their arbitration clauses that would be present in the contracts. Arbitration is much faster and usually appeal proof
- baq 2y agoDelta sued for what, $500M? These would have to be some expensive lawyers, even for lawyers.
- manquer 2y agoThat is just one customer, and also it is not just lawyers, Contingent liabilities(potential amount for settlement) when it escalates from possible to probable, in GAAP that means it changes from mere footnote to a line item in P&L which needs to be financed and managed and affecting their margins well before the actual settlement is decided.
- baq 2y agoLooks to me the market priced this in.
- bruce511 2y agoMeh- Delta sues for 500 million is just the headline. They'll end up settling for nothing like that.
- baq 2y agoSo either way a non-issue for today.