Sherbie
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- Feb 26, 2005
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Well both parties have to agree to settle. I would think if you sue someone and then you settle on some sort of amount, obviously the person/company you were suing thought it was more advantageous to settle on something rather than take their chances and hope the court finds in their favor (where they would pay nothing).
For businesses, it's almost always a cost analysis that determines whether to settle - the likely costs associated with defending the suit vs. the cost of settlement. I've seen many questionable or even outright ridiculous cases settled rather than spending the money to defend them, even when a win was all but certain.