Quote:
Originally Posted by Tyruscobb
The individuals saying that these companies are not worried and are laughing have no litigation experience. Even if these companies are confident that the claims will not survive summary judgement, they are still worried. The legal process is grueling and stressful.
Number 1: it is time consuming. These companies, which includes their officers and other employees, will have to devout time to discovery - giving discovery depositions, producing documents, answering admissions and interrogatories, etc.
Number 2: it invades on their privacy. The above-mentioned discovery will bring to light testimony and company documents, etc.
Number 3: most insurance policies exclude intentional torts. These companies’ insurance companies may file a declaration action against them and have a court determine whether there is even any valid coverage.
This action will not leave them. The individuals who control these companies will constantly think about the action. It is no laughing matter.
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Number 4: I don't know of any companies or CEOs laughing and giggling about people finding out they're being sued in a class-action suit.
"Yee haw, this is great fun. It would only get better if my car was towed for double parking and I get a notice from the IRS that my taxes are going to be audited."