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Always interesting to see two companies with an unlimited lawyer fund go at it in court.


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What I'm also interested in is how much money do lawsuits like these cost. Both companies have large amounts of cash, so this isn't one of those cases where the one with the most money wins, but I do expect both of them to spend a lot.

Wouldn't both companies have in house lawyers fighting the case? In which case the lawyer fees would be just their salaries?

i just like two dystopian craphole companies tying up each other's money in the courtroom. i hope it continues.

When you've got two massive companies and potentially billions of dollars resting on a case then it will keep going up until there is no more up to go to.

More ridiculous is that they're fighting against JP Morgan Chase. With a net income of 5.6 billion dollars in 2008. And assets of ~$2 trillion.

JP Morgan probably has more legal counsel than the rest of the defendants, combined.


They have many orders of magnitude more money and attorneys that would work full-time on such a case to ensure that even if they lost the court battle, the person or company doing the thing that they didn't like would be effectively bankrupted, so they still win in the end.

The article says there are around 1,200 such cases pending... that's a lot of money for any company

Does anybody know if investors sometimes win these cases? I imagine they must have done some serious due diligence before investing 100m.

Well there's an investment and a lawsuit so it sort of balances out.

I wonder how much litigation is costing them.

All I know is that the lawyers are gonna be making a whole lotta cash from this showdown!

These cases are damn hard to win. Surprised they even got more than 100 million.

But the legal bill... easily hundreds of million.


It's a company with $40bn revenue, you better believe they have a fleet of lawyers on retainer, they've got little reason to not make use of those lawyers.

Seriously surprising to hear that money-conscious lawyers might agree to such a piddly amount ($415M) from 4 companies whose collective market cap is over 1 trillion dollars. This is palatable only if it comes with significant sanctions and admission of wrongdoing, which of course, is highly doubtful.

Or how about the hedge fund that is suing them?

I imagine they'd use some of the $16m+ they raised in VC money to pay the lawyers...

Ok good for Harry but...only $180k against a company that has $60million budgeted for legal defense?!

So these lawsuits are still part of the investment in douchebaggery and the return comes later. Interesting.

Tldr: the little guys will be pitted against megacorps with infinite money to assert their rights in a court of law.
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