Bye Bye Brian Stelter?Posted By Rod Kaufman |
Good points in your speculation. My speculation is that a nuisance settlement would be preferable to the risk involved in having the case heard in a potentially unfavorable venue if the case was being heard in a conservative state with a jury of peers sympathetic to the views of the plaintiff. Thus, the amount of the loss could exceed that of the insurance coverage, the publicity would be even more negative and a lengthy appeals process would continue into the foreseeable future with even more bad press.Originally Posted by James Brown
We are purely speculating agreed?
My speculation is that CNN would not have settled if they were absolutely confident that; "the few remaining claims that remained would not have survived discovery."
I think CNN took a huge public black eye because of this event. I am certain that countless hours were spent in a CNN board room weighing that public black eye versus the risk of going to trial versus the cost of litigation and the cost of on-going press about the litigation, versus the cost of settlement and so on.
If they evaluated the risk of additional bad press and the risk of losing at -0- they would not have settled so early under even the most favorable terms.
Jim
