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Saturday, June 02, 2018 3:26:52 PM
A stay can be lifted by the judge - it essentially means that the court is going to take a break and let the parties figure out a number for settlement. This is an EXCELLENT things because it means that the parties have realized it's not worth fighting for more months and paying higher lawyer fees. On the other hand, the lawyers and parties are both probably tired and working all night and day through the weekends to reach a number - they want payday and to be free as well!
Just because the stay is until July 30 does not mean it will go until then, most likely not even close to July 30. The way negotiations are done is that every item that can be discussed is broken down and then each item is negotiated. In diplomatic and much larger settlements this can take a LOT of time, but I doubt it will in this case for a few reasons: (1) This case has been going on for years. All the evidence and research is already done. (2) This is a 200 million dollar settlement which is a lot in the OTC world but in terms of settlements, there aren't that many items that can possibly be discussed. (3) The judge is absolutely fed up with the defendants. They are not going to try and piss off the judge anymore. If you don't believe me just read one, just one, statement by the judge and you will see how annoyed he is with the defendants.
Law is NOT a game. A stay for settlement like this is not a "let's give it a try and see what happens". It is a LEGIT deal and it is taken very seriously. Both parties will do their best to settle as quickly as possible - they don't just accept a stay and settlement negotiations without deciding to go in 100%.
Feel free to copy and paste and repost this wherever you want - get the word out. There are too many scams and corrupt people trying to fool others with this legal business.
Also, if you're not sure about anything I said, do a quick google search! Whatever I said is my conclusion from my experience, research, knowledge, and opinion. I don't want to formulate your opinion for you, just clarify some terms and let you make your own decision.
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