Law & Health Weekly
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Life Sciences
Research from Harvard University broadens understanding of life sciences
May 10th, 2008
According to a study from the United States, "This paper considers settlement negotiations between a single defendant and N plaintiffs when there are fixed costs of litigation. When making simultaneous take-it-or-leave-it offers to the plaintiffs, the defendant adopts a divide-and-conquer strategy." "Plaintiffs settle their claims for less than they arejointly worth. The problem is worse when N is larger, the offers are sequential, and the plaintiffs make offers instead. Although divide-and-conquer strategies dilute the defendant's incentives, they increase the settlement rate and reduce litigation spending," wrote Y.K. Che and colleagues, Harvard University. ...
Source: Law & Health Weekly (2008-05-10)
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