Two weeks before pleading its high-profile derivatives case before a judge and jury, two of Procter & Gamble Co.'s top lawyers were talking tough in a session with several dozen journalists in New York.

Procter & Gamble, which early on lost two key rulings in its suit against Bankers Trust New York Corp., attempted to project an image of the unwitting customer duped by its trusted bank. At Monday's press session, the company's in-house counsel said there is only a remote possibility the $195 million lawsuit would be settled before it goes to trial.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.