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There are two things badly wrong with any such settlement.
Hence Mr Blodget's hypocrisy.Precisely what form any such settlement will take is not yet clear.
On Wednesday, Judge Qazizada said it was too early to consider any such settlement.
How long any such settlement will be accepted, as Europe is demonstrating, is another matter.
Any such settlement needs bipartisan support; now, thanks to the O.C.C., there's a good chance that Republican attorneys general will walk away.
Under an existing consent decree with the Federal Trade Commission, any such settlement agreement by Bristol-Myers had to be cleared by the agency.
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"These include advanced settlement discussions regarding the criminal investigation being conducted by the [US department of justice] and with certain other financial regulatory authorities and RBS expects that it will incur financial penalties in conjunction with any such settlements," the bank said.
But like all such settlements, it does not come with any admission of liability, and the bank asserted in a statement that it was done "to eliminate the uncertainties, burden and expense of further protracted litigation".
The Assembly had wanted all such settlements over 10 years listed.
In 2004, the diocese paid around $100 million to settle a sexual abuse lawsuit — at the time, the largest such settlement for any diocese in the United States, which led to layoffs and budget cuts.
Under an unrelated consent decree, Bristol-Myers had been bound to disclose the details of any such patent settlement deals to the Federal Trade Commission.
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