Mid-Trial Defense Victory in SF – Settled For Pennies on the Dollar

Mid-Trial Defense Victory in SF – Settled For Pennies on the Dollar

Appearing in San Francisco Superior Court, Crockett & Associates successfully defended, during a two-week trial, an international telecommunications fiber optic cable defendant from the plaintiff’s lawsuit seeking multi-million dollar stock warrants. The plaintiff falsely claimed he brought key investors and customers to the defendant that entitled him to millions in compensation and a possible lucrative five-year consulting contract. Crockett & Associates offered compelling evidence at trial that the plaintiff raised no funds for the defendant and that the plaintiff’s oral contract claims lacked credibility. Faced with a total loss, the plaintiff capitulated and agreed to a settlement that was less than 2% of what was claimed and a small fraction of the plaintiff’s lowest settlement demand at the time of trial. The defense settlement was less than the cost to take the trial to verdict. The settlement terms protected the company from further lawsuits from the plaintiff.

After the trial, the president of the company wrote to Crockett & Associates, “I wanted to at least send you a quick note to let you know that, thanks to your team’s ability to represent facts as they should be represented, coupled with staying two chess-moves ahead, the good guys won.”