Image credit: Jeff Neira/CBS
CREDITOR CANNING Michael J. Fox returns as Louis Canning to face off against Diane and Will.
Alicia gets a career-changing offer, Will and Diane face off against Louis Canning, and Neil Gross returns| Published Jan 28, 2013
Are you kind of tired of hearing about Lockhart/Gardner's financial woes? Just like I grew weary of the Kalinda/Nick storyline, I'm now getting a little bored with the firm's constant debt struggle. But at least the writers shook things up a little bit by throwing Louis Canning into the mix. I love to hate Michael J. Fox's character on The Good Wife. That said, I'd be a pretty happy camper if I didn't have to hear another word about the firm's debt.
Unfortunately, that day will not be today. The central focus of "The Seven Day Rule" was Diane and Will going to court to gain a five-month extension to raise the remaining $30 million in funds they needed to pay off their creditors -- or creditor, now that Louis Canning bought off the debt. But before they went to court to face off against Canning, they sat Alicia down and gave her an offer she couldn't refuse: They asked her to join them as an equity partner. Naturally, Alicia was thrilled and had a treat yo' self moment by going on a shopping spree. It did seem odd to me that they were offering a fourth-year associate a partnership. But she is the good wife after all. Alicia's great at her job, so I took the promotion at face value. But nothing is ever that simple. (More on this later.)
Diane and Will headed to court to argue that they deserved a five-month extension since they'd already showed great progress toward eliminating their debt. Louis Canning played up his disorder to the judge for sympathy, and then claimed that Diane and Will prolonging the payback would deny futures to children with handicaps like his own. Canning planned to use the money he was owed to fund neurological research. And a continued delay was the equivalent to not helping children. It was pretty ridiculous, and just the sort of stunt Louis Canning would pull. Will pointed out that if the firm was liquidated immediately, Canning would only get 50 cents on the dollar. If they got an extension, Canning would get a full, 100 percent return. The judge agreed to at least hear out Will and Diane's argument for extending what he deemed was an arbitrary deadline to begin with.
To combat Canning's tactics, Will and Diane attempted to prove that the creditors had ulterior motives. Canning objected the relativity of the motives, but he made it an issue when he suggested the debt was for afflicted children. Will pointed out that Lyman Norquist, the CEO of LOC pharmaceuticals, funded the trust Canning used to purchase Lockhart/Gardner's debt. On the stand, Lyman admitted that the firm often brings costly nuisance suits against the pharmaceutical company. It was a win for Will and Diane. Realizing he had his work cut out for him, Canning made a play for Clarke Hayden. Canning implied that after Hayden passed the bar exam, there might be a position for him at Canning's firm should he help him out.
Back in the courtroom, Canning argued that Lockhart/Gardner was settling more cases than necessary for their own financial gain. Will knew that their weakness was the West Nile virus case from a few weeks back that they settled for $12 million, even though their initial ask was $15. To ensure they had their bases covered, Will and Diane spoke with Alicia about her testimony. She'd been subpoenaed to discuss the firm's recent and frequent settlements. Before this, Alicia learned that Cary had also been offered partnership. (That was strike one against Will and Diane.)
NEXT: Alicia takes the stand and Neil Gross returns...