After devoting roughly three years and a couple million dollars to a lawsuit, a small fitness equipment maker has been awarded close to $7 million in damages. Despite the favorable ruling, the company’s general counsel maintains that, in light of the risks for the company and its in-house lawyer, “litigation is the last resort.”
Litigating is expensive and unpredictable, the GC said, and if it doesn’t go your way, company executives will want an explanation. In certain cases, though, it’s a business necessity.
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