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IndieHamster t1_j52hw50 wrote

Reply to comment by Bazin_B9 in Jury Awards Flo Rida $82 Million in Lawsuit Against Celsius by Clem_Doore

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

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[deleted] t1_j52ih2h wrote

[deleted]

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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.

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