Fong v. United States

How later courts describe this case

• holding that firm was not in a failing condition were it had a positive net worth
• “Certainly, a defendant offering a sum in settlement of a suit asking, among other things, for an injunction against certain conduct, would not understand that a similar demand could be asserted the day after settlement.”
• refusal to return to taking of deposition
• $650,000 punitive damages award deemed “monstrous”