Agreeing a payout estimated to be at least $10m spares the duke from the risk of a poor performance on the witness stand
The weakness of Prince Andrew’s legal position and fears over his own performance in the witness stand left his legal team with few options other than reaching a settlement with Virginia Giuffre that is likely to cost him $10m (£7m) or more, according to several international lawyers.
Ann Olivarius, the senior partner of the McAllister Olivarius law firm who has acted in cases on both sides of the Atlantic, said she expected Prince Andrew’s settlement to be worth at least £10m ($13m), based on previous cases settled with wealthy individuals.
