Zavitsanos believes the case has little chance of surviving summary judgment and will likely be dismissed. Still, he warns that the companies underestimate the plaintiffs at their own peril. They need to take it seriously and they need to come back at this full-throttle,” he said. “This is not the kind of thing that they could settle; not the kind of thing that they could make go away quietly because it never does go away quietly. No settlement is confidential—even the president is finding that out now. I think that my advice to them would be: put your foot on the gas and go, and come back very hard.
Read the entire article at Oil and Gas Investor.