XpresSpa Group Inc (XSPA)

[JJSeabrook]

V is seeking punitive damages. IF the damages were to be $100M there is no multiple for willfulness as there would be for willful patent infringement. This is a punitive damages case, and there is no bright line rule as to what the multiple could end up being. It is what the fact finder (jury) finds to be appropriate to punish the wrongdoer and to deter such future conduct.

Sanctions also has no multiplier. The judge could fine Z for their conduct and monetarily sanction them, and their attorneys, for violating the rules, and to deter them from such future conduct. This type of sanction isn't necessarily based upon damages at all. This is to get the party, and their attorneys potentially, in line.


copperslash Friday, 08/21/15 10:16:56 AM
Re: None
Post # of 59998

Z now has 1.4B cash
The normal brain says we can afford to settle and get back to growing market share around the world.
The abnormal brain says more money to short V stock, pay for a disinformation campaign, and cheat the system

just my WAG, but Z has been so out of line that the sanctions could exceed $100M and the damages could be tripled and exceed $300M and Z will still have to settle this for another $500M+
It really could get to $1B for Z.