Question
17.A plaintiff expects to win at trial with probability of 70%.Defendant thinks the probability that plaintiff will win is only 50%.Both agree that the damages
17.A plaintiff expects to win at trial with probability of 70%.Defendant thinks the probability that plaintiff will win is only 50%.Both agree that the damages to be awarded if plaintiff prevails will be $100,000.Plaintiff's costs of trial are $20,000.Defendant's costs are $25,000.
a.the parties have no hope of settling and this matter will be tried.
b.the settlement range is between $50,000 and $75,000.
c.the settlement range is between $50,000 and $100,000.
d.the settlement range is between $50,000 and $70,000.
18.The parties agree that damages are $10,000 and that the plaintiff has a 40% chance of prevailing at trial.Cost of trial for Plaintiff is $1,000.Cost of trial for defendant is $1,500.If the parties are operating under an "American Rule" of legal costs,
a.the settlement range is between $1,000 and $1,500.
b.the settlement range is right at $4,000.
c.the settlement range is between $3,000 and $5,500.
d.this matter is unlikely to settle.
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