Online Education Academy (OEA) has reached a settlement pertaining to alleged 8 Figure Dream Lifestyle fraud. OEA settlement with the FTC will see the company pay $600,000 in monetary judgement. To satisfy judgement, OEA will clear out three bank accounts. The remainder of the $600,000 judgement is then suspended.
How do you calculate settlement amounts in a lawsuit?
Most lawsuits never make it to trial, and some are settled before the complaint is even formally filed. To calculate settlement amounts, you must have a reliable total of expenses incurred as a result of the dispute. You also must have a detailed understanding of the strengths and weaknesses of the case and the likelihood of success at trial.
How many references are there in this article on settlement?
She received her JD from Indiana University Maurer School of Law in 2006. There are 7 referencescited in this article, which can be found at the bottom of the page. This article has been viewed 24,605 times. Whether you've sued someone or are being sued, at some point over the course of litigation there likely will be talk of settlement.
What should be included in a settlement range?
Your settlement range should be built around this particular valuation, with the lower end of the range representing the actual costs you've incurred as a result of the defendant's acts. Keep in mind that during settlement negotiations, you and the defendant most likely will meet somewhere in the middle.
Should punitive damages be included in settlement calculations?
Review your contract to see if it has a clause relating to punitive damages. Keep in mind that punitive damages are awarded by a jury, but seldom will a defendant agree to a settlement that includes punitive damages. So while it's important to consider it, punitive damages shouldn't be included in your settlement calculations.
Who settled the 8 figure dream?
As per the proposed settlement, John A. Bain, Alex Dee (aka Alex S. Dowlatshahi), Brian M. Kaplan and Jerrold S. Maurer will cop a $31.9 million judgment.
What happens if the FTC approves the 8 figure dream?
If approved, the settlement will bring to a close the FTC’s 8 Figure Dream Lifestyle fraud case.
What should settlement range be built around?
Your settlement range should be built around this particular valuation, with the lower end of the range representing the actual costs you've incurred as a result of the defendant's acts. Keep in mind that during settlement negotiations, you and the defendant most likely will meet somewhere in the middle.
Why is it important to talk to an attorney about settlements?
Due to the difficulty of proving these damages – as well as damages for pain and suffering in personal injury cases – it's important to talk to an attorney when you attempt to calculate these settlement amounts.
How to calculate medical damages?
To use the multiplier method to calculate your general damages, you must first total your past and estimated future medical expenses. This total will then be multiplied by a value ranging from 1.5 to 5.
How much of your damages can you expect to get from a car accident?
For example, if you were involved in a car accident and each of you was equally at fault for that accident, you can only expect to get the person your sue to pay for 50 percent of your damages.
Who has the burden of proof for any defenses they raise?
On the other hand, the defendant has the burden of proof for any defenses they raise. The same "preponderance of the evidence" standard typically applies.
Is civil litigation expensive?
Take court costs and legal fees into account. Civil litigation is expensive and time-consuming. These costs can make a lower settlement reached shortly after you file your complaint more valuable than a much higher award at trial.
Can you add a settlement to a settlement?
Although you can add them to your settlement calculations if you feel so inclined, you're unlikely to get the other party to agree to pay them, since the other party will know the odds they'll have to pay them after a trial are slim to none.
