This person says 99% SETTLEMENT coming>"My company
Post# of 82690
Posted On: 10/04/2016 7:19:40 PM
This person says 99% SETTLEMENT coming>"My company Blinkee.com has actually gone through IP litigation. Yes we were sued by Litecubes, LLC for infringement of their trademark, trade dress, and copyrights.
What I learned is that 99% of all commercial lawsuits settle because it is in everyone's financial interests to do so.
The courts want a settlement because they have limited time and resources to try cases.
The parties want a settlement in case things don't work out in their favor they could be responsible for attorney fees of their adversary.
The insurance companies wand a settlement in case they are held liable for damages and/or attorney fees.
So, in brief I'm expecting a settlement here. How much? Don't know. Does it really matter? Don't think so. I think the speculation is really what matters for now".
What I learned is that 99% of all commercial lawsuits settle because it is in everyone's financial interests to do so.
The courts want a settlement because they have limited time and resources to try cases.
The parties want a settlement in case things don't work out in their favor they could be responsible for attorney fees of their adversary.
The insurance companies wand a settlement in case they are held liable for damages and/or attorney fees.
So, in brief I'm expecting a settlement here. How much? Don't know. Does it really matter? Don't think so. I think the speculation is really what matters for now".
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