Gainful Employment Rates, law suits being filed, settlements (often to avoid further costs), 90/10 rates, Cohort Default rates, etc. should not be used to trigger letters of credit; or be accepted as evidence of misrepresentation!
In those instances, a little bit of carelessness can result in a settlement demand that rings of extortion-- pay us monextortion-- payextortion-- payand yousknow it's going to moneythe frort cover of Variety!" I've heard stories of laweers being jailed for mishandling pre-filing settlement discussions so badly that they were guilty of extortion.
Actually filing the settlement and other necessary divorce papers with a court is another step that Mr. Stein's Web service does not offer.
AIG Retirement Services, formerly SunAmerica, and Crédit Lyonnais, filed a settlement agreement in federal court in Los Angeles.
The Milsteins filed the settlement agreements in each case under seal and issued a joint news release announcing the end of the dispute.
On Dec. 5, 2011, New Jersey and the Trump casino company filed a settlement agreement with the court showing that the state would accept $5 million, paid in two installments, on a tab of about $30 million.
On Nov. 4, it filed a settlement plan that throws into question whether this strategy benefited anyone other than the asbestos lawyers and the company's management.
"We thought that the Judge McWeeny decision was very powerful in that it fully understood the importance to the public in making these old sex-abuse files and settlements public," Mr. Freeman said.
That filing described the settlement as "collusive and disastrous" and "tantamount to a $1bn wage theft".
In addition, the court filing contended, the settlement deal is the result of collusion between the lawyers for the bank's directors and those representing the pension funds.
Kim Miller, a partner at Kahn Swick and Foti representing Klug, in a court filing called the settlement an "outstanding recovery" given the risks of continued litigation.
