Wednesday, February 01, 2017 7:42:47 PM
Something on the order of 98% of all federal civil litigation settles.
Infringers not only risk Treble damages. They risk millions in attorneys fees for their own and the attorneys OF THE OTHER SIDE.
!!!IF THEY LOSE THEY WILL HAVE TO COVER STRIKEFORCE LEGAL COSTS!!!
They will settle!!
!!THEIR INSURANCE COMPANIES WILL MAKE THEM SETTLE!! to minimize financial exposure.
At my settlement conference for LITECUBES LLC vs. BLINKEE.COM, LLC the insurance company reps did most of the talking and set the financial parameters.
Our company was accused of selling "knock-off" Litecubes light up ice cubes. The money involved was piddly as hell. We had maybe sold several thousand worth dollars of light up ice cubes over the course of a few years, but our insurance company was so keen to avoid a trial they agreed to settle with Litecubes for $40,000 believe it or not.
And obviously there is virtually infinitely more money at stake here.
!!SETTLEMENT IMMINENT!!
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