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> Apple only agreed to the proposed settlement to avoid additional costs and time involved with litigation, the filing says. "We don't want to go through the e
by mcphage 3y ago
> Apple only agreed to the proposed settlement to avoid additional costs and time involved with litigation, the filing says.
"We don't want to go through the effort of dealing with this, so we'll simply settle for half of a billion dollars".
- SOLAR_FIELDS 3y agoOne thing you can trust is that there was a clear significant chance they would lose in court. No other reason would they give up this fat of a settlement. So clearly there is some truth to it. One thing you can always count on is an army of lawyers for bigcorp making the least risky possible decision. So them doing the deal really does imply some truth to the initial allegations
- joshstrange 3y agoEhh, maybe but when you have $162,100,000,000 in the bank [0] then $490,000,000 (0.3% if I’ve done my math right) really isn’t a lot. It’d be like $300 to someone with $100K in the bank. It makes this go away and prevents their internal emails from being news stories for the length of the trial. No discovery, no testifying for execs, I mean I kind of get it. Or maybe they are guilty and then it makes even more sense to pay, I’m just saying I can see them paying to avoid all of the hassle (and lawyer fees). [0] https://www.cnbc.com/2023/11/02/apple-now-has-162-billion-in-cash-on-hand-less-than-last-quarter.html https://www.cnbc.com/2023/11/02/apple-now-has-162-billion-in...