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I personally know someone who went through this (related to IP, not sexual harassment). I understand the lawsuit dragged on for about seven years. He finally go
by rsp1984 10y ago
I personally know someone who went through this (related to IP, not sexual harassment). I understand the lawsuit dragged on for about seven years. He finally got awarded about eight million dollars in damages but hasn't been able to collect a single cent of it.
When Peter Thiel says "single digit millionaires have no effective access to the legal system" [1] on the surface that sounds laughable and out-of-touch but I think there's a lot more truth to this than most people would like to admit.
[1] http://www.businessinsider.de/peter-thiel-hulk-hogan-gawker-2016-10 http://www.businessinsider.de/peter-thiel-hulk-hogan-gawker-...
- ralfd 10y agoHow does that work: He got awarded the money but can't collect it?
- techdragon 10y agoBetween appeals and that verdicts won't normally contain anything about how promptly payments must be made, things can drag on a while, then there's the simple honest stuff like, "the whole board must meet to approve expenditures over $X" and the settlement will be over that $X.
- Arizhel 10y agoThat's completely typical in the US court system. Winning a judgment is completely separate from actually collecting that judgment, and entails extra legal work to go after the assets of someone who refuses to pay the judgment.