Experience

Experience, Clay told himself.
After the longest dinner of Clay's life, French led them downstairs,fake uggs online store, back to the billiards room where the cognac and more cigars were waiting. Those who had been swearing at each other for three hours were now drinking and laughing like fraternity brothers. At the first opportunity, Clay sneaked away and, after considerable effort, found his room.
THE BARRY AND HARRY Show was scheduled for 10 A.M. Saturday morning, time for everyone to sleep off the hangovers and choke down a heavy breakfast. French had made available trout fishing and skeet shooting, neither of which drew a single lawyer.
Barry and Harry had a company in New York that did nothing but analyze the finances of target companies. They had sources and contacts and spies and a reputation for peeling back the skin and finding the real truth,replica gucci handbags. French had flown them in for a one-hour presentation. "Costs us two hundred grand," he whispered proudly to Clay, "and we'll make Ackerman Labs reimburse us. Imagine that."
Their routine was a tag team, Barry doing the graphics,Fake Designer Handbags, Harry with the pointer, two professors at the lectern. Both stood at the front of the small theater, one level below the billiards room. The lawyers, for once, were silent.
Ackerman Labs had insurance coverage of at least $500 million— $300 million from their liability carrier, and another $200 million from a reinsurer. The cash-flow analysis was dense and took both Harry and Barry talking at once to complete. Numbers and percentages spewed forth and soon drowned everyone else in the room.
They talked about Ackerman's cosmetics division, which might fetch $600 million at a fire sale. There was a plastics division in Mexico that the company wanted to unload for $200 million. The company's debt structure took fifteen minutes to explain.
Barry and Harry were also lawyers, and so were quite adept at assessing a company's likely response to a mass tort disaster like Dyloft. It would be wise for Ackerman to settle quickly, in stages. "A pancake settlement," Harry said.
Clay was certain that he was the only person in the room who had no idea what a pancake settlement was.
"Stage one would be two billion for all level-one plaintiffs," Harry continued, mercifully laying out the elements of such a plan.
"We think they might do this within ninety days," Barry added.
"Stage two would be half a billion for level-two plaintiffs, those with malignancy who don't die."
"And stage three would be left open for five years to cover the death cases."
"We think Ackerman can pay around two-point-five to three billion over the next year, then another half-billion over five years."
"Anything beyond that, and you could be looking at a chapter eleven."
"Which is not advisable for this company. Too many banks have too many priority liens."
"And a bankruptcy would seriously choke off the flow of money,Moncler Outlet. It would take from three to five years to get a decent settlement."
Of course the lawyers wanted to argue for a while. Vincent from Pittsburgh was especially determined to impress the rest with his financial acumen, but Harry and Barry soon put him back in his place. After an hour, they left to go fishing.