Quote:
Originally Posted by Aarongavey
You actually think there is any scenario where this claim would rack up millions in legal fees? How much do you think it costs to run a 2-3 day trial? You file a Rule 49 offer to settle because you are pretty sure the other side has no case. If they take it you end this frivilous action for some nuisance money. If he does not take it you have a chance of getting some of your legal fees paid for by Formenton when you win and the amount awarded is less than 46K. You risk nothing if you win other than some of your legal fees, although you get the satisfaction of Formenton paying for some of your legal fees as well.
If he takes the reasonable offer Formenton gives his legal counsel their contingency fee of 20K and he gets 26K and everyone goes about their business. 26K is like winning a 50/50 at a Tuesday night hockey game, not bad for Formenton to start his life with.
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I am curious, where does the $46,000 number come from?
I also expect this be longer than a 2-3 day trial. Most are. That’s on top of discoveries etc.