Who Drove the Settlement?

Centerview Partners, a niche investment bank, agreed to settle a lawsuit brought by an intern who claimed she was terminated improperly over a disability she said she had. As is usual in many civil suits, the terms are unknown. The settlement came just before the trial was due to start, and

just a few days after the judge seemed to cast doubt on [Kathryn ] Shiber’s ability to claim the millions of dollars in compensation. During a pretrial conference Thursday, the judge said at one point that it would be improper for the jury to consider what she would have earned had she stayed at Centerview beyond the three-year program.

That timing raises questions in my suspicious pea brain, primary of which is who was the motivator for the settlement. Was it Centerview, looking to avoid the potential of an enormous payout to Shiber? Was it Shiber, who was satisfied with the settlement terms, whatever they are? Was it her lawyers, who in a fee-seeking imperative, bailed on Shiber since they no longer would be guaranteed their own enormous payout cut from those millions of dollars in compensation that otherwise would have been available to get access to?

Enquiring minds want to know.

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