Author: Steven Schwartz
Date: 18:43:10 10/19/00
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On October 19, 2000 at 17:09:55, James B. Shearer wrote: > Why didn't you countersue? > James B. Shearer Since my insurance company was footing the bill for the attorneys, when the verdict was announced, I suggested that we should sue Fidelity for all the false claims, for all the lost business from not having Fidelity product to sell, for damaged reputation, on and on and on and on. Problem is that the insurance company had no interest in suing Fidelity because they would not benefit no matter how much (if anything) we would win. They suggested to Fidelity that they were prepared to sue to retreive court costs, but they made a deal that they would not do so, if Fidelity agreed not to appeal the case. Of course, I could have chosen to countersue on my own, but spending tens of thousands or hundreds of thousands of dollars and wasting another 5 years of my life on the chance that I would win just was not all that appealing, and I knew that Sid would find some way to protect him- self from paying any judgment in my favor. So, I left the courtroom in Ft. Lauderdale with a big smile on my face and the knowledge that Fidelity must also have spent hundreds of thousands of dollars in attorney's fees to put us out of business and they failed. Steve (ICD/Your Move Chess & Games)
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