Quote:
Originally Posted by will76
Not exactly, more like they must have enough money to settle at a price that is worth your time to sue.
In a case like this, the 7.5 million or what ever they are going for will never happen. They will go bankrupt if a judgment that high happened then no one would win. I could see this getting settled, probably a closed door thing for some where in the 2-5 million range, if they have enough money to be able to do that and still stay in business.
just my guess.
The music industry is looking to pick up a couple extra bucks, make a point and try to deter others from doing this.
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I think you are a decimal point off:
Max Statuatory damages of $150k x 500 infringements= $75Million (not $7.5Million)
But if your estimate is altered for that decimal point that would be a $20 to $50M settlement.