Booth said the case sounds like somebody was buying time. It s a believable motivation. That s why the plaintiff at the end was giving an apology. There is nothing particularly mysterious if that is the story. I spent almost six years as a litigator in a New York law firm.
Litigation is really an extension of negotiation.
When lawsuits are brought, they give you bargaining power, Booth said. What s peculiar is that no counterclaim was ever filed, he said. It sounds like CMG strategically decided to take the high ground. Richard Magid, an attorney for the plaintiff, said at the settlement hearing the payment of the ACR payment had nothing to do with the case brought against the three executives. There were no claims or allegations ever made against the ACR beneficiaries, and no claims regarding the ACR beneficiaries payments were ever made in connection with any of the allegations in the complaint.