What is the name of your state? NJ
I am invloved in a case regarding a business that had 3 partners. Me and two others. One of the partners invested some money but started taking money out of the account without the knowledge of the other partners. When he was caught the money was moved to another account and he promptly quit the company and started a law suit against the other partners.
I have a complete paper trail including some laundering of money that he did regarding his wife. I set up a time line, an excel spread sheet, and lots of emails showing where all the money went and how my other partner and I were not allowed access to the accounts for over a year, while he was taking money.
I hired a lawyer for $300/hr and so far have spent close to $7000 on phone calls, letters and 1 mediation. By the way, when the mediator was through he told us that we had the much stronger case and whould go after this guy and "take him down."
My question is that my lawyer is sayng it will cost close to $20K to battle this in court in front of a judge and I cannot figure this out. There are only 3 participants in the case, no withnesses, or other parties to call on.
If each lawyer spent 3 hours each on each individual that would only be 9 hours each on questioning and cross-examining. I cannot imagine 3 hours of direct and cross for something so small as this.
We also have to take Deps prior. OK so I setup a spread sheet and figured 5 hours for a dep, which I think seems like a long time to dep 1 person about 1 thing.
But no matter how I add the numbers I have a hard time pushing $9K between the deps and 2 full days at court.
Sorry for being long winded but I wanted to give some background. What I would like to know is if anyone has had a case similar to this and if they can give me an idea on how long the trial took? 1 day, 2 days, 10 days? This is not a jury trial.
I need to present all this to my lawyer to keep things honest (there is a joke there somewhere).
Thanks for the help.
I am invloved in a case regarding a business that had 3 partners. Me and two others. One of the partners invested some money but started taking money out of the account without the knowledge of the other partners. When he was caught the money was moved to another account and he promptly quit the company and started a law suit against the other partners.
I have a complete paper trail including some laundering of money that he did regarding his wife. I set up a time line, an excel spread sheet, and lots of emails showing where all the money went and how my other partner and I were not allowed access to the accounts for over a year, while he was taking money.
I hired a lawyer for $300/hr and so far have spent close to $7000 on phone calls, letters and 1 mediation. By the way, when the mediator was through he told us that we had the much stronger case and whould go after this guy and "take him down."
My question is that my lawyer is sayng it will cost close to $20K to battle this in court in front of a judge and I cannot figure this out. There are only 3 participants in the case, no withnesses, or other parties to call on.
If each lawyer spent 3 hours each on each individual that would only be 9 hours each on questioning and cross-examining. I cannot imagine 3 hours of direct and cross for something so small as this.
We also have to take Deps prior. OK so I setup a spread sheet and figured 5 hours for a dep, which I think seems like a long time to dep 1 person about 1 thing.
But no matter how I add the numbers I have a hard time pushing $9K between the deps and 2 full days at court.
Sorry for being long winded but I wanted to give some background. What I would like to know is if anyone has had a case similar to this and if they can give me an idea on how long the trial took? 1 day, 2 days, 10 days? This is not a jury trial.
I need to present all this to my lawyer to keep things honest (there is a joke there somewhere).
Thanks for the help.