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It is not a small amount.
The damages they sought was 38 million. That doesn't mean that they would prevail if the case went to trial. 550k guaranteed is money you can bank on and most attorneys will advise taking the sure thing.
Settlements often work out like this - and good attorneys always know how to write terms to avoid "offers" from being interpreted as "agreements" on the parts of the parties involved.
Besides, they achieved a lot more than just a quick cash settlement so not sure why people think it is so lame.
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