Congratulations to my partner, attorney Jan Smolak, who recently settled a Syracuse personal injury case in mediation for a confidential amount above seven figures. Although we are not at liberty to discuss the details of the settlement, nor any of the specifics regarding the injury (we signed a confidentiality agreement with the insurance company), nor the exact amount, I can say that Jan, once again, did an outstanding job.
I interviewed Jan about this result after his mediation. Here’s what he said: “My client was very satisfied with the result. As usual, I can’t say much about the case because the insurance company insisted on a confidentiality agreement. But I can say this: The settlement was a win for our client. She is very happy with the result. And that’s my definition of winning.”
Why did the insurance company insist that the settlement be “confidential”? This happens a lot with large settlements. Insurance companies worry that, if word gets out that they have paid out a significant sum of money on one case, plaintiffs with similar injuries in other cases against them will hold out for more money and refuse to settle for less.