Showing posts with label CPLR Section 50. Show all posts
Showing posts with label CPLR Section 50. Show all posts

Friday, September 24, 2010

At the end of the day, would you rather have a $1.7 million settlement or a $2 million verdict?

There is always much debate about when to settle, should I negotiate, should I take a verdict? At the end of the day you always want to obtain the best result [$ wise] in the shortest amount of time.
So let's compare. On a settlement of $1.7 million before verdict, you get your money immediately, there are no post-trial motions and no appellate costs or delay. Also, no CPLR Section 50 ramifications.
On a verdict of $2 million you have post-trial motions , an appeal and a long, agonizing wait. Not to mention additional costs. Yes, the client will probably get an additional $175,000 to $200,000 in his/her pocket if you are successful....But is it worth the wait to the client? To your firm?
You be the judge.