Plaintiffs got three big breaks in the case, which underscore the power of trial judges in settlements.
August 21, 2015 at 04:16 PM
1 minute read
The original version of this story was published on The American Lawyer
On Aug. 14, the plaintiffs in Linde v. Arab Bank reached a framework agreement to settle the case for a reported $1-billion-plus, subject to contingencies. (The parties have denied that sum.) What brought Arab Bank to this extraordinary step?
Hint: It wasn’t the jury.
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