Submitted by Clem_Doore t3_10gc5cj in news
Bazin_B9 t1_j5227cc wrote
Rich rapper with his own company gets bilked on a promotion deal: >$80 million dollars award.
US Army vet gets threatened and tased by bloodthirsty cops: <$4,000 dollars award.
Christ I hate this fucking country.
IndieHamster t1_j52hw50 wrote
While I agree in theory, this isn't the best case to use as an example. Most of the awarded money comes from 750,000 shares that the company was supposed to issue to Flo Rida. He was supposed to be issued 250,000 in 2014 when it was trading around $0.40-$0.50 a share, and then was supposed to be issued 500,000 more in 2016 when it was trading at around $2-$2.60 a share. Today it ended at $97.81/share, and hit an all time high of $115/share in January.
To me, this just looks a guy finally getting compensated for what was outlined in his contract
[deleted] t1_j52ih2h wrote
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brow47627 t1_j53aaw6 wrote
Well there wouldn't be any reason to speculate on proper damages if they didn't completely breach the contract he signed with them. They did this to themselves lol.
keyser-_-soze t1_j53jpmo wrote
Well said.
[deleted] t1_j53qbq0 wrote
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shewy92 t1_j56d163 wrote
Uh, how are the two comparable?
notasrelevant t1_j55dcb0 wrote
In this case, there was an agreement in place for compensation, but a party was not properly compensated. The suit ended with that party receiving compensation similar to what was supposed to be received, accounting for the growth on value as well.
It's a bit more of a straightforward case as conditions for receiving said compensation were outlined in contract, with specific numbers and the value at the time and present day values are known.
The case of the army vet is not a fair compensation, but it's hard to compare to a case when a contract between 2 parties was established and agreed upon and included specific details outlining compensation.
[deleted] t1_j527810 wrote
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[deleted] t1_j52ah1b wrote
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[deleted] t1_j52i2mo wrote
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LiliNotACult t1_j523krc wrote
Why hate it? This is all by design. It's working as intended
kudichangedlives t1_j524fn4 wrote
You can't hate something that is designed to be predatory?
mr_potatoface t1_j52i3wn wrote
Gotta have money to make money.
Army vet should have pulled himself up by his boot straps and made himself worth 100 million first before getting tased and then he probably would have got 400 million awarded.
Pretty sure Bezos would get more than 4k if he were in the same scenario.
[deleted] t1_j53n197 wrote
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AStartIsBorn t1_j539in7 wrote
If you're being sarcastic might want to indicate that at the end of your comment.
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