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SVTPerformance's Chain of Restaurants
Road Side Pub
Taking a shop to court
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<blockquote data-quote="JPKII" data-source="post: 16677905" data-attributes="member: 12867"><p>As others have stated, lawsuits aren't worth your time. I'm currently in the middle of a mid-seven-figure arbitration as the defendant in a product defect case. When this process started I was all about justice and making things right. A year on, I've made the realization that the only people profiting from this are the lawyers. They continue to file motion and counter motion. We are on our third round of rebuttals to expert deposition. The arbitrator himself is incentivized to keep the case open for as long as possible (he charges more than $500 per hour). We've maxed our insurance deductible for legal coverage within 3 months of notification (that was $50k). I have one lawyer and one legal assistant working with me. They send me their monthly logs to approve payments. They charge by the 1/4 hour. lol.</p><p></p><p>The second realization I made is that sometimes folks become litigious simply to be a disruptor to your normal business rather than gaining any money in the settlement. In our case, when a settlement is made, the plaintiff will see very little of that money. His legal team is compensated as a percentage of settlement and all costs/expenses. The plaintiff simply wants to distract our team. You'd be amazed at how much sleep someone loses over something like this. Perhaps that's their goal...</p><p></p><p>So if your intent was simply to distract him from the start-up of his next venture, maybe that would be time-worthy. If your soul has it in it...</p></blockquote><p></p>
[QUOTE="JPKII, post: 16677905, member: 12867"] As others have stated, lawsuits aren't worth your time. I'm currently in the middle of a mid-seven-figure arbitration as the defendant in a product defect case. When this process started I was all about justice and making things right. A year on, I've made the realization that the only people profiting from this are the lawyers. They continue to file motion and counter motion. We are on our third round of rebuttals to expert deposition. The arbitrator himself is incentivized to keep the case open for as long as possible (he charges more than $500 per hour). We've maxed our insurance deductible for legal coverage within 3 months of notification (that was $50k). I have one lawyer and one legal assistant working with me. They send me their monthly logs to approve payments. They charge by the 1/4 hour. lol. The second realization I made is that sometimes folks become litigious simply to be a disruptor to your normal business rather than gaining any money in the settlement. In our case, when a settlement is made, the plaintiff will see very little of that money. His legal team is compensated as a percentage of settlement and all costs/expenses. The plaintiff simply wants to distract our team. You'd be amazed at how much sleep someone loses over something like this. Perhaps that's their goal... So if your intent was simply to distract him from the start-up of his next venture, maybe that would be time-worthy. If your soul has it in it... [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Taking a shop to court
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