In the Yuga Labs v. Ryder Ripps lawsuit, Ripps was ordered to pay attorneys fees on top of the ~$1.6M in disgorgement & damages. Yuga said Ripps owed $7.9M in fees. Ripps said ~$455K would be reasonable.
A special master was appointed, who's just said he'll need to pay $7M. Oof.
Background on the fee dispute: https://hachyderm.io/@molly0xfff/111446439615785626
Special master's report: https://www.courtlistener.com/docket/63458882/445/yuga-labs-inc-v-ripps/
So, altogether, Ripps owes:
$6,983,432.62 for Yuga's fees
$1,375,362.92 disgorgement
$317,295.04 for Yuga's costs
$200,000 damages
$120,000 for Yuga fees awarded earlier
$??? for expert witness costs
$??? for special master report
= $8,996,090.58 and counting
@molly0xfff Better shut up and pay up.
@molly0xfff this feels like if herbalife and mary kay are having a knife fight in the court parking lot
@Viss @molly0xfff Amway is in the background exchanging meaninful glances
@molly0xfff They should make an IOU, the original NFT
@molly0xfff wow, not every day you see an old acquaintance lose a few million lol.
@molly0xfff When I see "disgorgement" I think of a legal penalty levied against a Sarlacc
@molly0xfff Ouch.
So the lesson is “Be careful when taking on companies with expensive lawyers”?
@michaelgemar Fenwick & West will getcha
@molly0xfff The Special Master better have cost less than $900k.
@molly0xfff maybe he could give them some ugly jpegs in trade.
@molly0xfff Do you have an article/post about what he did to actually did to cause the lawsuit? The wiki page entry makes no sense.
@ed209
See this toot thread from November for details: https://hachyderm.io/@molly0xfff/111446439615785626
@irongut Amazing, thank you.