According to a recent news article, Bruce Chinn will be paid $37,800 for vacation time not used by him. The article clearly indicated that liability for this debt was questionable, but Dr. Gene Ress, Mack Cail and Larry Kleeman agreed to pay the full amount.
If the debt was questionable, why was it not negotiated rather than paid in full? I recently discussed the matter with Mack Cail. His immediate response was that “we would have lost the case and it would have cost us $100,000 to defend it.”