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You can write it off if you like.
If a payout, basis is zero for gain.
If one is going to gift the worthless UOIP shares to someone, gift them to someone one hates - like nephews and nieces. Leave them high and dry while the rest of the fambly getts the hugely valuable other pennystock winners in the portfolio.
This is the best way for the widely-despised nephews and nieces to learn how one can make huge bank investing in the pennyscams over time. Buy and hold - that is the pennyscam motto. Hold until revoked. Then still hold and give to the widely-despised nephews and nieces. That'll teach em.
A worthless lawyer
A little something for the tax preparer this year?
UOIP: the gift that isn't giving. Time to write off?
why keep paying a team of lawyers if there is nothing else?
Indeed. It is just wasted munny flushed into lawyers' 3rd vacation homes.
Butt foolish peeples do foolish thangs.
However I find it entertaining. And kosmickly karmic.
And I love lissening to DaBuzz of DaBillingMeter running. Sweet, sweet sound!!!
Time for DaBoyz to begin looking for that 4th vacation home. Chile is a purty kool place to spend the Norte American winters. Good fishing there too!!
Everyone should also remember that it's been over a year since settlement date. Why did it take this long for any of the leaked information regarding settlement value to get out? Seems a bit convenient that the number started leaking as soon as they saw real pressure from shareholder action. Not to mention there is an NDA in place which prohibits anyone from releasing information on the settlement. To do so makes them liable to a counter-suit to get all funds taken back. They are not stupid enough to be releasing this information to the public as these are lawyers who have already been pretty clever thus far in trying to screw everyone involved.
So you don't recall? Or you do recall and just ignore the facts to continue the $125 million that is not confirmed officially by anyone of note besides Deidre's arb which again just happened to be released as soon as they got in hot water with shareholder action and also happens to carry no liability for their misleading information?
Again, I am not claiming the $125 million settlement number is fake, it's just not confirmed as you claim through an article that provides no sources and an arb that really means nothing to us at this point. There was definitely more to this deal than $125 million, I can tell you that. They don't sue a company that was a small piece of the pie for $133 million to then have a global settlement for $125 million when Comcast was 8x + more liable than Cox at a minimum. Especially when they made it all the way to trial and the defendant gave up on Day 2. There is no logic in that theory.
None of that was in the settlement of $125 million. I see that the BS department of the clubhouse is back and making stuff up again. Amazing how the real revelations of the settlement amount are greek to them.
So much fighting going on for pennies....you could make more money picking up tin cans.
This demonstrates the difference between ASKING PRICE and PRICE PAID.
This is an important distinction for people engaged in business to unnerstann.
It is similar to a forward-looking statement compared to reality.
Zomby, do you recall your report back from trial regarding Mr. Whitman's statement that they were seeking $133 million from Cox alone?
What happened to the $133 million from Cox now turning into an apparent global settlement across all infringers for $125 million where Cox was only a fraction of Comcast.
Lotsa cases axe for hunnerts of millions of billions and gett NUFFIN.
Billy waaay overperformed with the shitty patent cards he had to play. It just shows that suing 13 deep pockets victims on the same facts and issues will get one a much better GTFOH nuisance suit settlement number when you can argue that the payors will be saving 13 cases full of legal fees rather than just one. 13 times a small number is a larger number.
Leftover shekels pile at Chanboned
Woodentit be humerus if Billy retires to zero income tacks state Alaska and becomes Billy ''Ralph'' Carter the fine Northern gentleman.
Since he will be joining The Northern Tier, I will need to give him lessons (paid, of course!) in how to fish for Northern pike, walleye, and the elusive musky/muskie (and, if in Alaska, grayling, rainbows, Dolly Varden, steelhead, and Arctic char).
Billy! I can teach you the secrets of Northern tier fishing - for only $945/hr (2022 mid-year hourly rate) - plus expenses such as boat rental, gas, sammiches, beer, bait, licenses, trolling motor rental and battery charges, snakebite medicine (Bulleit or Jack Daniels brands for men, blackberry brandy for the lady fishermen), and tackle rental.
Tools of every Fine Northern Gentleman
Reporting present.
It was unwise to pay Radar and the Realtor even one shekel.
Every penny - wasted - accomplished exactly NOTHING.
thank you....my point exactly!
Who attended all the hearings and clarified to everyone here to "Trust Billy"... wait no, "Trust CBV"... wait no "Trust Deidre"... should I keep going?
Some should tread lightly when reading posts from someone that meets a man like Billy Carter and immediately trusts everything he says... or meets opposing council and trusts everything they say.
One must also remember, had we listened - there would be absolutely nothing on the table for shareholders at this time as it would have been far to late to try and get involved legally when the ship has already sailed.
When will the fine southern gentleman be paying us?
Its been a lot of fun here since the real settlement number got its second confirmation. Some prefer to put their hands over their ears, close their eyes and chant "La La La La LA" when exposed to the truth.
Wow! Lots of posts for me to read today.
In addition, there needs to be 1 peep here not deluded by the clubhouse to post what is really going on.
There are two confirmations of the settlement online, in addition to other information we wont go into that has always been correct. Do the math, Deirdre's $27.5 million arb award is exactly 22% of $125 million.
I like the quality response. Par for the course.
The clubhouse is still delusional.
Who wrote this article... What was their source? Did they not declare right in their article that they had no source directly from either lawyer in question confirming the amount? Again the Deidre Arb is hearsay as they cannot be held liable for anything said in the arbitration.
If the settlement number is indeed $125 million and there is nothing else on the table by means of the patents being sold for a separate agreement - why then won't the powers that be release the information for everyone to see so they can get rid of disgruntled shareholders? Please do not say because of the NDA in place with the cable companies as they have already released this supposed settlement number in many different ways now to the public.
Why hasn't the cable companies put together a lawsuit as releasing an apparent settlement amount would be undermining the NDA in place?
It is unwise to claim the number is confirmed because of an article and an arbitration that was designed to mislead the parties involved in order to get them to go away. And also claiming that an article that will not even provide any real source to the information. For all you know Mischon got their $125 mil number from the Deidre arb just like you have and then makes claims to this author based on that information. In short, this article, along with Deidre's arb, confirms nothing.
They wernt sold. Their value was in past infringement.
ZERO, the patent claims were all disclaimed to the public as part of the settlement. The claims are now dedicated to the public. Worth zero.
Czech the file wrappers (and all of any recent possible assignments - none) on USPTO website.
Also, if there were such, it would have been Item #1 for discovery during DEIRDREs abritration or many of the current ongoing lawsuits (and this would have been pleaded in the blind in the complaints and amended complaints. Simple fact - there was no sale and assignment of patents ~OUTTside the settlement. The USPTO data shows that, and common sense tells one that if that was even a remote possibility, lawyers for DEIRDRE, Inventords, and even the joke, failed nonsense Radar and the Realtor wronGGG venue case in Orange County Traffic Court (Night Session) did nott allege such in their BizzaroLand filings (now dead, dead, and dead).
What do you think the patents sold for?
Not supposed settlement, the actual number is there backed up by the Deirdre arb award.
tsk-tsk. Life is hard ... for some. Shedd no tears - they all had legal representation at all stages of negotiating the various deals.
Now they don't like what they negotiated and agreed to and they want special new powers and rights.
Tough beans.
pensive ironclad NDA.. .yet supposed $ettlement figures are on the world wide web
curious that lawyers sleep during pm knowing their conduct in the am, no conscience ?
just because you can, doesn't mean you should.. .karma (tom girardi)
to lose one's REPUTATION over greed.. .NO INTEGRITY
$125 million supposed settlement & wouldn't even give the 3 geriatric patent inventors $1 million each.. .as low as it gets
That was a curious move, taking Chanbond to a new law firm and leaving the legal costs to that point behind. Kinda like shareholders investing in the company and Billy taking our money. Methinks we have common ground here. Might be worth Finger making a call to Mishcon for a little chat. Be interesting to see if Whitman and Billy cough up some ill gotten gains to the rightful owners.
What this movie needs is Clint Eastwood with a whip and a machine gun.
what was the "$ALE of PATENTS"..........vs. settlement leak/assertions
case is currently at DISCOVERY STAGE
(EXPOSE ALL the SIDE DEALS)
given billy has NOT been forthright with documents thus far, there's only 1 way out
....we'll see what is further UNCOVERED in the coming days
(this case has more PLAYERS than the NBA)
I have said a dozen times that Whitman et al have been an issue since I read the waterfall agreement.
Anyone willing to listen yet?
..they were POACHED alright
LINK > LAW.com Article
re: "work for ChanBond between 2015 and 2019, and invested more than $7.6 million in lawyer time, pursuing a campaign against 13 defendants through multiple stages of litigation”
What a pit of vipers in this case. Maybe we should join up with Mishcon to take them all down.
Great thanks to the poster that forwarded that article to us.
And it matches the $27.5 million that was disclosed as the amount Deidre was awarded at the arb. Settlement amount confirmed.
Two people with knowledge of the situation said that the matter is now in arbitration.
In December 2019, the two Mishcon partners overseeing the litigation left the firm and joined KWM, “taking the ChanBond matters with them”, Mishcon’s lawyers, David Slarskey and Evan Fried of Slarskey LLC, said in their filing. They added: “Those matters have since settled for $125 million.”
Mishcon also claimed that, unbeknownst to the firm, the two ex-Mishcon partners, Mark Raskin and Robert Whitman, “had been negotiating an agreement with Defendant KWM since June 2019?, and that the firm’s recruitment of the partners has been “deliberate and calculated”.
The action, filed in February this year, alleges that Raskin and Whitman “believed that if they could uproot the ChanBond matters from Mishcon, and move to a different firm they could avoid Mishcon’s…entitlement to fees, and retain for themselves a greater share of any fees earned”.
In its initial action, Mishcon demanded compensation in one of two ways: either the $7.6 million the firm said it invested in the ChanBond matters, or 87.7% of a 28.5% contingency fee, which Mishcon argued it was entitled to under its engagement letter with ChanBond.
If, as Mishcon’s lawyers have argued, the ChanBond litigation subsequently settled for $125 million, this would represent around $31 million.
In response, KWM later filed a motion in April to dismiss Mishcon’s claims, with the firm’s lawyers arguing that it had “successfully resolved the litigations for ChanBond more than 1.5 years” after Mishcon had ceased to represent the company.
KWM argued that the contract between Mishcon and ChanBond “unambiguously requires any and all fee disputes between them to ‘be finally settled by mandatory binding arbitration’”.
KWM further argues that Mishcon’s action against both it and ChanBond was an attempt to “avoid arbitration with ChanBond”, and that the action itself was proof that Mishcon had “disregarded its arbitration agreement”.
Mark Raskin and Robert Whitman did not respond to requests for comment.
Mishcon and KWM declined to comment.
A multi-million dollar dispute in which Mishcon de Reya has accused King & Wood Mallesons of “poaching” two of its New York-based partners has shifted from a New York court battle to arbitration.
In court filings lodged at New York’s Supreme Court, Mishcon’s lawyers have accused KWM of recruiting two Mishcon partners in New York “in an attempt to poach” a lucrative piece of litigation from the firm.
The action against both KWM and patent company ‘ChanBond’ relates to work undertaken by Mishcon’s now-defunct New York office, which closed in 2020.
According to the documents, the U.K.-based firm undertook work for ChanBond between 2015 and 2019, and invested more than $7.6 million in lawyer time, “pursuing a campaign against thirteen defendants through multiple stages of litigation”.
We now know the settlement amount.
Mishcon's Multimillion Dollar Hiring Dispute with KWM Moves to Arbitration
Tensions arose after Mishcon closed its New York office in January 2020, with lawyers leaving for King & Wood Mallesons.
July 29, 2022 at 04:29 AM
Billy, who is a fine Southern gentleman, and DEIRDRE, who is a Southern belle, will both be fine even if the lawyers CONsume ALL of the remaining chump coins and GTFOH shekels, because they both have good health and in the Bigg Picture that is all that really matters.
The Inventors notsomuch.
Butt Billy and DEIRDRE will still crawl away from this with their good health - which cannot be bought butt can be sold - even if all the chump coins and GTFOH shekels are blown away as legal fees (and costs).
Time is money - and it is runnin ~OUTT
Billy and DEIRDRE still have their health and a few decades left to recover financially
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