I was adding up both wapo and cnn$150 million? Are you kidding? Do you know anything about lawsuits?
and yes probably over 150 million
the liability insurance limits were likely reached
if you think the high powered lawyers for nick sandman settled for 1 million, you've never been involved in litigation Originally Posted by nevergaveitathought
Unless you are talking about a mass tort with tens of thousands of victims, NO ONE settles for $150 million. You might as well go to trial - you can't do any worse. And insurance companies will NOT simply pay that much money. The insurance companies are the ones who control the litigation, NOT WaPo and CNN.
I think WaPo smeared Sandmann, but there is a limit to how much you can get in damages - especially if you don't have a career or business that got ruined. Sandman doesn't have that yet: he's a high schooler. So, his damages are mostly abstract - like emotional distress.
If they lost at trial, they would probably pay AT MOST in the low millions, especially after the trial court and appeals court got done reducing damages.
Each case was settled for somewhere between $500K and $5M - most likely on the lower end of the spectrum. If Sandman got all 8 defendants to pay $500K, he will walk away with $4M after the lawyers get their cut.