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Jeremy Hogan tweets


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A little secret of the U.S. Court system: not even 10% of cases can be tried. Judges are always pressuring lawyers to settle because the truth is the system would collapse if more cases had to be tried. There simply aren't enough resources. True for both civil and criminal cases.

Also, from Stefan W. Huber

96% of all SEC cases are settled before trial (60% before litigation & 90% in discovery). You think this "weak" case is an exception and belongs to the 4% that end in a trial?

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Settlements by SEC do not mean SEC gives in because they have a weak case. If anyone had been following the regulators for the last decade or so, they would see they usually mean bad banks etc. just give in and pay vaaast fines, hundreds of millions or even billions to avoid even worse things happening to them.


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