Van Dorn furiously demanded a court of inquiry, which after lengthy proceedings cleared him of all charges in November.
However, as our analysis has shown the peril of over-investment seems to be rather small, because noisy observability (4.3), imperfect enforcement (4.4) and lengthy proceedings (4.5) create a drift towards under-investment, which has to be overcome by a balanced investment contest initiated by the arbitrator.
After a lengthy legal proceedings in which higher court repeatedly overturned the Municipal Court's convictions and ordered retrial, Opočenský's actions were finally cleared as legitimate self-defense by the High Court in Prague's decision four and half years later.
Weighed against that, as always with pleas, would be the value of avoiding lengthy proceedings.
In a short statement, Public Interest Lawyers said: "We are awaiting the supreme court's judgment after what have been lengthy proceedings".
"These fast-moving markets would particularly benefit from a quick resolution of the competition issues identified," Mr. Almunia said then, calling this preferable to "lengthy proceedings".
Rather, he said, these are people who are far from home, under great pressure, enduring lengthy proceedings.
"I fully expected we'd be in lengthy proceedings," Mr. Bharara said, "and pleading some people out and going to trial with others".
Tenants who stopped paying rent on uninhabitable space or who cannot afford payments after losing a job in the wake of the storm will need attorneys to protect their rights in these lengthy proceedings.
In a written statement issued by an aide, he apologized to supporters, colleagues and friends, saying he had accepted the plea agreement "to spare my family and the community the anguish of lengthy proceedings".
