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March 22, 2007

Q & A in Failure Magazine this week

Failure Magazine is running a Q & A with me this week on my book. You can read it here.

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Stephanie, what's your source for the claim that McDonald's settled with Liebeck for less than $400,000? The settlement was confidential, and the only published account of the matter I've seen that mentions a number says the settlement of the appeal and cross-appeal was for around the final judgment amount of $640,000.

Ted: You're right. I misspoke. I confused the final settlement with the punitive award, which was reduced to about $400,000 by the judge.

$480,000, if I recall correctly.

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