I believe he settled because when you have low life accident lawyers come at you like they smell money, your only choice is to just settle and move on that's the tort system.
Nope. That's not it at all. Saagar Govil assured shareholders that the company had insurance to cover the cost of litigation and, therefore, that it would "vigorously defend" itself. Those "low life" lawyers wouldn't have received a penny if Cemtrex won the lawsuits. The only reason Govil settled was because he knew he would lose in court and his and Daddy Arun's fraudulent acts would be exposed.
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