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JP Morgan has taken a beating financially from a series of embarrassing settlements costing $20bn – on everything from mortgages to credit cards to Bernie Madoff – and it's had a few terrible years for its image (and its stock price).
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But one eventually discovered that lawyers for plaintiffs could play hardball, too, inflating charges and using the news media to play on public fears and prejudices in hopes of embarrassing the church into settlements.
"This is a case where the S.E.C. should have been greatly embarrassed by original settlement".
Tavern on the Green admitted no wrongdoing in the settlement and is seeking to put this embarrassing dispute behind it.
It is embarrassing that the Times cites the widely derided Citi settlement as a strong precedent.
Such overlap may enable the S.E.C. to join Mr. Cuomo's office in a global settlement and thus avoid a trial that could be embarrassing should the S.E.C. lose.
And there would be a serious image problem to face; both companies were the subject of massive financial scandals in the last three years, undergoing federal investigation, embarrassing income restatements, and ultimately hundreds of millions of dollars in fines and legal settlements.
The settlement was reached in a case that had already proved deeply embarrassing to the tech companies involved.
One of the most drawn out and embarrassing legal battles in animal rights history finally ended in a nearly $16 million settlement in favor of the Ringling Brothers and Barnum and Bailey Circus.
He also brought in Pellicano, who unearthed embarrassing information about the family of the thirteen-year-old accuser; the family and Jackson eventually reached a settlement.
While the settlements are expensive, they pale in comparison to the sort of legal bills that come with long — and embarrassing — legal battles.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com