4 ms·
Any lawyers here able to explain why the fine is negligible? Feels like a complete joke, encouraging dishonesty as the winning strategy in business. Are judges
by gmd63 2y ago
Any lawyers here able to explain why the fine is negligible? Feels like a complete joke, encouraging dishonesty as the winning strategy in business. Are judges scared they'll be assassinated or something? Do we need to anonymize them?
- vl 2y agoTo know if fine is disproportionately small you need to know the volume of sales of the mislabeled goods. If they sold only $500k of goods, then fine is unreasonably large, for example.
- 1123581321 2y agoI don't know the sales volume, but this fine is for, if I read correctly, seven products. WS has roughly 15,000 products across its brands. So the fine may be in the ballpark of one year's sales, which would be about 5.5x their profit on those sales. But that assumes these products' revenue and margins are proportionate to the rest of them.
- rrrrrrrrrrrryan 2y agoAlso, the damage to the brand is almost certainly greater than the fine.