It's very possible that Herman Cain is innocent of charges that he sexually harassed two employees when he was running the National Restaurant Association, but part of his statement seems nearly impossible to believe.

"If the Restaurant Association did a settlement, I wasn't even aware of it, and I hope it wasn't for much because nothing happened," he explained. "So if there was a settlement, it was handled by some of the other officers that worked for me at the association."

Having been through a bogus racial discrimination lawsuit I am acutely aware that baseless cases are often settled in the interest of avoiding bad publicity and saving thousands of dollars in legal fees.

But for Herman Cain to say that the organization that he was serving as President, settled a lawsuit against him, and he has no knowledge of it, does not pass the smell test.

Is he saying that none of the other officers that worked for him ever, even privately, mentioned a settlement?  Or that he never inquired about the status of the case?

In a matter of days or even hours Mr. Cain will have to walk that statement back.

Just a prediction.

UPDATE: [Emphasis mine]

Prediction came true.  Later today on FOX News, Mr. Cain said the following:

"My general counsel said this started out where she and her lawyer were demanding a huge financial settlement…I don't remember a number…But then he said because there was no basis for this, we ended up settling for what would have been a termination settlement." When van Susteren asked how much money was involved, Cain said. "Maybe three months' salary. I don't remember. It might have been two months. I do remember my general counsel saying we didn't pay all of the money they demanded."

Cain remembers what he was told at the time by his general counsel.  It doesn't sound like he was updated at some point today.  Maybe his B-12 shot kicked in and rejuvenated his memory... or maybe he's a liar.