Avoiding settlement mistakes
Abstract: Deciding whether to settle a case requires an evaluation of the likely outcome if it goes to trial. But according to one study, parties make the wrong decision a lot more often than one might think. The study discusses the types of cases and situations where litigants are most prone to making the wrong decision. It also highlights the value of expert analysis, decision-tree analysis and other strategies that can help take the guesswork out of the settle-or-litigate decision.