Confidential
Settlement – $63,500Facts
Plaintiff had been employed by Defendant as a paralegal since March of 1988. In December of 1989, at the age of 41 years, he was terminated from that position.
Settlement Discussions
Defendant contends that they offered between $50,000 and $75,000 and Plaintiff demanded $300,000 with an indication of $200,000 and thereafter $125,000. Defendant also contends that Plaintiff's initial demand was $3,000,000. Plaintiff contends that no offer was made by Defendant until the settlement conference; Defendant indicated it was on the verge of bankruptcy and there was no insurance coverage; the initial demand was $300,000; and the case settled at $62,500 with an $85,000 stipulated judgment against Defendant.
Specials in Evidence
$60,000 to $120,000
Damages
Plaintiff obtained employment with another company and claimed his past income loss was approximately $100,000.
Injuries
Severe emotional distress.
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