It took three years to complete, but the second NFL owner was ultimately related to the confidential settlement of the suspected misconduct, and if it happened, it could have major consequences for the owner. Leopard’s founder Jerry Richardson quickly sold his team after reaching a number of confidential settlement agreements in 201
Snyder apparently admitted that the mere existence of a confidential settlement agreement requires a full investigation. It will also force Snyder to waive the confidentiality clause so that former employees who received payments can fully cooperate with the investigation.
The threshold question is whether the circumstances surrounding the payment are within the scope of the existing investigation, whether the investigation was initiated by the team and requisitioned by the alliance, or whether a separate investigation should be initiated. No matter what, no matter who did it, no matter how things develop, the alliance must investigate whether Snyder violated the “Personal Conduct Policy” and to what extent the “Personal Conduct Policy” was violated.
He claimed in a statement submitted earlier this week that “a respected law firm” conducted an investigation into the matter and “no evidence of improper conduct was found.” Snyder argued, ” The insurance carrier” decided to resolve the case.
The reality is that no insurance company can resolve the case without the consent of the insured. If Snyder wants to fight it, Snyder can fight it until it reaches the upper limit of its insurance coverage. (According to the terms of the policy and applicable laws, Snyder may be personally liable for any judgment in excess of $1.6 million.)
In any case, the insurance company did not provide so much cash to protect Snyder and his family from embarrassment. The only commodity in the insurance industry is cash. They like to take it away, but don’t want to give it away. Only after the judgment is made and the insurance company reasonably fears that it will voluntarily pay more, the insurance company will voluntarily pay $1.6 million.
Therefore, common sense shows that this is not just a simple “hush money”, but the purpose of this money is to at least partially compensate the so-called injuries suffered by former employees. Regardless of the truth, there is sufficient evidence in the public domain to force the alliance to delve into private details to determine whether Snyder should be disciplined to what extent.