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November 15, 2004

"Aggressive settlement policy"

Defendants as a group will probably never reach consensus on the relative merits of a hard-line approach toward settlement, which counsels against making offers on claims unless they appear likely to prove legally valid, versus a policy of reaching out aggressively to settle a wider category of claims before they mushroom into expensive disputes. As's Corporate Counsel magazine reported recently, lawn mower manufacturer Toro has had good results with a strategy of settling fast and generously, so much so that some of its methods are being emulated by companies like duPont, GE and Johnson & Johnson.

Posted by Walter Olson at 02:34 PM | TrackBack (0)




Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.