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Customer for breach of contract

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Your firm, Brisk8, has been sued for $3 million by a customer for breach of contract. Your lawyers believe that there are three possible outcomes if the suit goes to trial. One, which the lawyers term "highly improbable" (1%), is that your supplier will win the lawsuit and be awarded $3 million. Another, which the lawyers term "unlikely" (24%) is that your supplier will win the lawsuit and be awarded $500,000. The third, which the lawyers term "likely" (75%) is that your supplier will lose the lawsuit and be awarded $0. You have to decide whether to try to settle the case. Your customer will settle for $100,000 (and you will have legal fees of $25,000).

Should you settle?

Reference no: EM132167257

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