Only Russians fail this Spectacularly
Imagine your feuding neighbor claims you destroyed his car worth $7,500 and demands you pay him. Now imagine you refuse, and he files a lawsuit against you for $22,500 in damages. Why that amount? Let’s say your neighbor is Russian, and that explains a lot. You battle in court for a while, and then your neighbor agrees to drop the case in exchange for your payment of $14. Not $14,000 mind you, or $140, but $14.
Exactly this just happened in Russia’s lawsuit against the Bank of New York. After sensational headlines and vituperative allegations from the Russians about “fraud” and “theft” by the Bank, after a claim by Russia that $7.5 billion had been stolen and a lawsuit filed by Russia claiming $22.5 billion (three times more than the alleged theft), Russia settled last week for $14 million.