There is no settlement until all the signatures are on the settlement agreement. You have every right to say no to the settlement amount at any time before signing the document. DO NOT SIGN IT! Simply, tell your attorney that you were being sarcastic with the number you threw out and that she apparently did not appreciate your sarcasm. Yes, you are right, the attorney should be the one who suggests what would be a reasonable settlement offer. Typically, this amount is a reduced amount from what a potential jury verdict amount would be. From that amount, deduct the strength of your case in establishing liability, further deduct the costs of bringing your case to trial which could be tens of thousands of dollars to get your experts to come to court and testify (I am assuming you have, or will need, experts. These are not the only factors but are important ones. Limits of insurance company's policy and the wealth, or lack thereof, of the defendant's wealth may come into play as well. Do not get hostile with your attorney, simply present it as a misunderstanding and now that such fact has been brought to light, it is time to get on with getting you a reasonable settlement offer, or be prepared to go to trial.
Answered on Feb 01st, 2013 at 8:07 PM