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Re: waltczyk post# 9639

Thursday, 05/10/2007 9:40:12 AM

Thursday, May 10, 2007 9:40:12 AM

Post# of 19575
Lawsuit - everything that has taken place as of public record and filings is very standard practice. Another reality check. I am not a lawyer, but I deal with the corporate insurances and any legal claims that come through my company. Extensions are so common they are viewed as automatic. This will drag out in our eyes, but the reality is it will move along like any other legal proceeding. The answers are simple, deny everything, which is what WHKA did. GDVM will deny everything in their reply. Then we will go in to months of discovery where each side produce for the other side to review whatever they have to support denying of claims. Each side will request documents, both paper and electronic, that help their case. This will drag out for three months probably. Then you get in to depositions, which again you can file for an extension of time to complete. This is all in prep work to get to a trial, which at best would be scheduled for 6 months out after the response is filed. No one is going to settle unless one side makes a plea for a mutual settlement prior to depositions. At that point the lawyers will have a good idea of the way a trial will unfold and can make realistic settlement offers. If they go to trial look for that by itself to last three months just because of the administrative process involved. Then whomever loses, unless the lawyers tell them we have no chance, you automatically appeal the decision.
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