What is Arthur's and Betty's threat value?
What is Arthur's threat value? Betty's threat value is her expected loss from trial. Because the value of the kettle is $300, because she has a 50 percent probability of losing, and because the trial will cost her $50, the value to her of a trial is -$300 (0.5) - $50 = -$150 - $50 = -$200. What is Betty's threat value? Nice work!
How much is the surplus from cooperative settlement?
The surplus from cooperating (i.e., from settling the dispute rather than litigating) is $100, which is the sum of the two parties' costs of litigating. What is the cooperative surplus? A reasonable settlement would be for Betty to pay Arthur $150.
What is Plaid's $58 million settlement?
OAKLAND, Calif. (CN) — A federal court judge on Wednesday approved banking app Plaid's $58 million privacy class action settlement after consumers claimed the company had harvested and sold their financial data without consent.
How much does Betty expect to lose from going to trial?
Betty expects to lose $150 from going to trial; with her share of the cooperative surplus, she would be willing to offer Arthur $100 to settle: -$150 (her threat value) + $50 (her share of the cooperative surplus) = -$100. What Arthur expects from cooperation ($200) is much greater than what Betty is prepared to offer for cooperating ($100).
Why do parties settle disputes out of court?
Parties often choose to settle disputes out of court for a number of reasons: it can be less costly, it can be less time-consuming, it is a private process and not subject to media attention and, most of all , it often allows the parties to continue to work together amicably in the future. Settlement is also an underlying objective of the Rules of the High Court and Rules of the District Court following the Hong Kong Civil Justice Reforms. However, when relations turn sour and parties commence litigation, there will inevitably be varying attitudes towards settlement. Despite the many benefits of settlement, settling the dispute in a multi-party action can be fraught with difficulties.
Is Supershield liable for the settlement of a claim?
For Supershield to be liable to Siemens for sums paid by Siemens in settlement of the claims, it was not necessary for Siemens to prove the claims would have been successful. Siemens merely had to show that there was a good arguable case against them and that either the breach of contract between Siemens and Supershield caused the loss (and that it was not too remote), or the indemnity given by Supershield covered the settlement.
What is a reasonable period of settlement?
Reasonable period of settlement is that period reasonably required (or if shorter, actually required) by the trustee of a split-interest trust to perform the ordinary duties of administration necessary for the settlement of the trust.
When did Betty die?
Betty died on Feb. 10, 1988. On April 15, 1988, the trustees completed the ordinary duties of administration necessary for the settlement of the trust brought about by Betty’s death.
When did the corpus of a trust change to charitable?
The trust would continue to be treated as a split-interest trust until April 15, 1988. After April 15, 1988, the trust would be treated as a charitable trust.
When was the remainder annuity created?
On Jan. 15, 1983 , Cyril Elmwood created a charitable remainder annuity trust under which the trustees were required to distribute $10,000 a year to Betty, Cyril’s wife, for life and to hold the remainder in trust for the use of M, an organization described in section 501 (c) (3).