Charney v. Sullivan & Cromwell: On the Brink of Settlement
Update: FYI, the speculation contained in this post turned out to be COMPLETELY WRONG. The case is definitely not settling. Rather, Sullivan & Cromwell has turned around and sued Aaron Charney!!!
We are guessing that Charney v. S&C is close to settling. In addition to the evidence recounted in our earlier post, here are a few more items:
1. One of you claims that mention of the suit has vanished from the NYS website. We haven’t verified this yet; we don’t even know if we can access it (since we don’t have an account or password for it). But if you can confirm, please email us.
2. We just got off the phone with Theodore Rogers, the Sullivan & Cromwell partner monitoring the suit in-house for S&C. He declined to comment. But we could tell, from the sound of his voice, that something is DEFINITELY afoot.
Rogers is a veteran litigator, one of the country’s top employment lawyers, who has been practicing for some two decades. But this eloquent advocate was reduced to a stammering schoolboy as soon as we uttered the words “Charney v. S&C.”
After he regained his composure, he declined to comment. But not all “no comments” are created equal. This “no comment” spoke volumes….
3. We haven’t heard back yet from S&C’s chairman, H. Rodgin Cohen, whom we have also contacted. We will let you know if and when we do.
4. Now Sullivan & Cromwell’s strategy of complete silence, which we expressed some doubt about, makes perfect sense. If you’re about to make the thing disappear completely, why even bother with damage control?
Earlier: Prior ATL coverage of Charney v. Sullivan & Cromwell (scroll down)
(5) Comments
Comments
I thought this was about making a statement.
Surely Aaron Charney wouldn't settle... unless he was all about the money to begin with?
i love you, lat. keep up the snoop.
it was not about the money....but can you blame a guy for getting rid of the school loans and still having a nice chunk of change to go into business with?...NO MORE LATE NIGHTS AND SCREAMING PARTNERS FOR MR CHARNEY!!!!
Interesting that this news would be "breaking" on a Friday afternoon. If this were Monday morning, there'd be a whole week's worth of water-cooler (read: blogging) chit chat in it.
Lat, your poll (unscientifically, but still) suggests a lot of people thought this is worth more than a million. At last look 17% voted for more than $5 million! Too bad you didn't have a $10 million+ category.
"But this eloquent advocate was reduced to a stammering schoolboy as soon as we uttered the words "Charney v. S&C."
Is this because you shined a flashlight on your face and said it in a slow, low, booming voice?
If this succeeds, I'll file it away as an exit strategy.