Quote:
Originally Posted by Nadia
D) Settling a lawsuit is not an admission of guilt on behalf of the manufacturer. More or less an admission of responsibility for that specific incident only. [
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OK so I have a question in regards to this since I'm no lawyer and is something that I mentioned in my post. I'm taking this completely out of context.
If a company were to settle out of court how can that not be an admission of guilt of some sort? I submit that there is probably some legal mumbo jumbo that can be thrown together that may imply otherwise however that
I was always of the opinion that if a settlement did occur then there was a darn good reason for it, usually a way out of a lawsuit at a bargain basement price. For example, if Cobalt was guilty of a design flaw (let me re-iterate that I'm suggesting this only as a hypothetical) I could see where it would be cost effective for them to settle out of court versus taking the chances on what the court may award the plaintiff. If there was no or not enough evidence to convict the accused then there would be absolutely no benefit to settling the case right? Additionally the manufacturer, in this case Cobalt would be vindicated of any wrong doing thus not tarnishing their reputation.