Finding out that your company is facing legal action is a harrowing experience, especially if it’s the first time you’ve been in this position. Your primary instinct is probably to protect your company in every way possible. One of the most important things that you can do right now is to remain as calm as possible. This isn’t the time to get angry and make hasty decisions. Instead, take a deep breath and execute a plan.
You need to contact your lawyer. This is a critical step if your company is facing legal action because your attorney can help you to learn about your options and provide you with an action plan for protecting the company. Be sure that you’re completely honest with your lawyer since they need to know exactly what’s going on.
Another important step is to remember that these cases can be expensive. You need to watch your company’s bottom line while you’re fighting the battle. Don’t think that everything will just magically go away. There’s a chance that you’ll have a long legal battle in front of you. Try to shore up the company’s finances as much as you can during this time.
You also need to avoid speaking to the party that filed the claim against your company. Instead, let your attorney speak to their attorney. By taking yourself out of the equation, you can take some of the emotion out of the situation. This could help you end up with a more favorable outcome since the other party won’t know how various points are impacting you.