Eikon wrote:$150,000 for a hurt tooth? He's a scumbag.
AZhitman wrote:$150,000 means he's a douche.
n00b240 wrote:I saw this on the news this morning. What tha f***. A f**king Olive Pit. 150k, got damn, some dentist robbed him!
It is unlikely that the parties settled at $150K. Like IBC stated this likely has more to do with posturing. Legal strategies are not so straightforward as what you see. Consider that filing the suit helps to communicate how strongly the plaintiff feels about the value of his case (that it is higher than was being offered by the defendant). If the defendant felt just as strongly about their number or more, then they likely would have postured to defend the case. Think of the notion of walking out of a car dealership when you feel the deal is not what you want. This can be done purposefully to see if the dealer will bite and keep you from walking off the lot by taking your offer more seriously. This kind of thing typically goes on all the way through to a jury verdict. Negotiations still occur even during trial. Its not uncommon to see a case settle just before a jury verdict is even read as each side might feel a little shaky about the strength of their case during trial. A defendant might offer a larger settlement because they are worried about the potential that a jury may come back with a huge judgment against them. Or the plaintiff may accept less than they wanted because they are worried that the jury will come back with a small award. The fact that it settled out of court means the settlement was agreeable for both parties.
And as far as the size of the business, it makes no difference. It could be run by a cripple and it would have no bearing on the value of the injury (except maybe in terms of jury sympathy which technically shouldn't happen but does). And even a small business owner would be dumb not to carry a liability policy for just such a circumstance. Hell, its probably required by the lease agreement.