It's worth more than $100 for sure, but I do agree that 3+ million is fairly ridiculous. If I had to guess, it's an intentionally high figure designed to compromise down to a more reasonable sum.
In any case, I hope he wins!
Most of the law suit folks talk about are nothing more than press hype. Often the awards listed in the press are far far above what actually happens. Jury awares 10 million and 3 weeks later the judge drops the award to 1.5 million as an example.
I would venture the seeking of 3 million was for the same reason, press hype, which it got, internet buzz which it got and in the near future an "undisclosed" settlement will happen.
Don't know a thing about the case, but reality could be far different than those thinking it is too much. What if he lost his job because of the arrest? It certainly is not outside of the box to think he might have, I know several folks who would be in danger of it if they were arrested and it was found out.
The other element is indeed the punative side, we do not know the case but what if it is indeed one of those real bad ones where the LEO's say they do not care what the law says etc, should that not have impact?
If folks really want things like constitutional carry and to be free from harassment, then we need to have some significant penalties handed down to motivate better training because until the cost of failure is more than the cost of training, the return clearly says allow failure and move on.