Interesting to allege "everyone walked away happy" from the lawsuit against the developer. Morse settled the case for $47 million. Doubt he was grinning his way to the bank to get the funds.
There was no finding against Morse as he bought his way out of the lawsuit. What he got was a confidentiality agreement from the plaintiffs which kept them silent as to what they discovered during the litigation process.
Most confidentiality agreements cover the settlement amount, which this one didn't. Morse buying his way out ended the discovery process which would have included him producing all his financial records and depositions of he and his management staff.
In order to avoid that becoming public he coughed up the money and bought the confidentiality agreement.
|