3 ms·
> * how will they pay $2M? They most likely don't. Most of these settlements have another agreement made behind closed doors. I was alleged to do stuff relate
by super256 3y ago
> * how will they pay $2M?
They most likely don't. Most of these settlements have another agreement made behind closed doors.
I was alleged to do stuff related to video game cheats, and was in settlement talks with a company bigger than Nintendo. I didn't end up signing, so a quick overview of what such secret agreements include (the money point is the last one):
- keep everything of the following secret
- be truthful with us and tell us everything
- hand over source code, server access, chats
- shut down social media, websites related to the cheats
- if defendant cant shut down the cheat site, defendant has to try to shut it down via other various means and email the plaintiff once every quarter for three years with the efforts made
- plaintiff will make a public announcement that defendant owes 2.5 million USD (used by the plaintiff for marketing / scaring people off). After X years, the plaintiff agrees to file a full satisfaction of the monetary award (aka plaintiff files that the defendant paid the money and so their credit score isn't totally fucked), BUT in reality the defendant only has to pay the money if they breach any of the terms above.
- throwaway48r7r 3y agoWas your name on the lawsuit or was it an LLC?
- Sammi 3y agoThanks for this insight. This honestly sounds like the reasonable solution for both parties. Everyone just walks away, and no ones life is ruined.
- notso411 3y ago[dead]