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by chadash
2527 days ago
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Companies settle all the time. It's common for insurance claims, for example. At a not-for-profit organization I'm involved with, a homeless person punched someone on the sidewalk outside their property. The victim then turned around and sued the organization, who had nothing to do with the incident except that it technically happened on their property (which is in an urban area). The president of the organization wanted to fight the case in court (on principle, because he felt that he shouldn't be liable, though he did express sympathy to the victim). The not-for-profit's insurance company wanted none of it and they settled for something like 50K. I'm sure that the insurance company has better lawyers than your average joe, but I'm also sure that they run the numbers and look at the risks (financial and reputational) and then make a decision whether to fight a case in court or not. |
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