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But judges do not lightly set aside settlement agreements, which after all are intended to avoid costly litigation, Ms. Davis said.
Merck has won 9 of 13 trials (one win was overturned and sent back for a new trial) and has boldly refused to set aside settlement money.
Similar(58)
In a surprise announcement, JPMorgan's chief executive, Jamie Dimon, declared a $380m loss, entirely the product of $9.2 billion the bank has set aside for settlement costs, which offset what otherwise would have been a good quarter.
Even pro-plaintiff groups concede that Microsoft is unlikely to shell out all the money set aside for settlements.
ConAgra set aside $25 million for settlement payments in its fiscal fourth quarter.
The one-time payments, totaling nearly $1 million, will come from Children First, a fund set aside from tobacco settlement money.
The amount paid out is far short of the $800 million set aside under the settlement to repay depositors and their heirs.
This was part of a large tract in the Amazon forest set aside for Japanese settlement by the Brazilian government.
Firms would have to disclose any money set aside for potential settlements; not for each case, but for each type of case.
GlaxoSmithKline had already set aside cash for the settlement, which analysts said would remove legal uncertainty.
In addition, Sotheby's said that customers stood to earn millions of dollars more from interest on money being set aside for the damage settlement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com