Originally Posted by
Ive always been a dreamer
TK - None of us are lawyers, but I don't believe your post here is entirely accurate. I really don't have the time (or frankly the desire) to rehash the details of the lawsuit all over again, but there is lots of discussion about this in Felder's book thread if you are interested in reading more. But, in a nutshell, here's the gist of the discussion ...
Felder was not a full, equal partner in Eagles, Ltd at the time he was fired. I think he was the same level as Joe and Timothy after 1994. It is my understanding that the band was under no legal obligation to buy Felder out of his contract. If I recall correctly, Felder sued for 'termination without cause' rather than 'unlawful termination', which would indicate that he was not claiming that the band violated the terms of his contract.
I don't believe we can know why either party decided to settle the suit, but settling a suit does not imply guilt for either party. There are all kinds of legitimate reasons why people decide to settle rather than go to trial though. The terms of the settlement were sealed, but the settlement amount was alleged to be somewhere between 1/10 to 1/5 of what Felder originally asked for.
So, I hope this clears things up so our readers aren't confused or mislead. And, I'm now done beating this dead horse (at least until it comes up again).