RE: Litigation Impact13 Jun 2023 23:52
I've been trying to tell you all how damaging litigation is, but no one listens. That article backs this up. I've seen it countless times as to how damaging it is and the people that suffer most at the end of it are the ordinary shareholders, who stand to lose their investment. For the company it will be pride, that's why they usually won't settle, and pride never pays. If I were advising Eurasia, although thankfully I'm not, I'd be insisting they make an offer and quickly to settle, an open offer, on the basis that if the claimants agree to give an undertaking to the court to cover the indemnity position by knowing that if they fall foul, they will be back before the Judge, then give them their replacement certificates but strictly on the basis that that is the end of their claim, and no further claims can be made and each party to bear their own costs. Get an open offer in, as legal costs mount tremendously as you head towards the trial, and so it's always advisable and wise, to get an open offer in asap as it puts the claimants on the back footing, in that they then run the risk of having to pay the defendants costs if they should not win their case outright. This never should have got to court IMO, someone should have made all the parties bang their heads together in a mediation session and resolve it. My views.