Really. Just read it ten minutes ago.
After more than a week in court, plaintiff Specialized was left with just one charge against Volagi, breach of contract by the two former employees. Just before noon, local time the verdicts came in: Robert Choi guilty of breach of contract. Barley Forsman, not guilty.
But the message may have been in the sentencing; Choi was ordered to pay just US$1 to Specialized. Volagi (@Volagi) tweeted the verdict via Twitter, “Specialized gets ONE dollar!” also noting that they are allowed to keep the Long Bow flex design, and ‘the color red.’
Damages? One dollar. One American dollar. And, they’re going to pay it in pennies.
We need a one hundred cyclist and each one must bring a penny. Planning a ride come with us
I don’t know these guys, but damn, I like the cut of their jib (that sounded totally gay).
About that buck, it’s called nominal damages. It means, essentially, that the legal argument won the day, but Specialized couldn’t show how they had been harmed.
A term used when a judge or jury finds in favor of one party to a lawsuit–often because a law requires them to do so–but concludes that no real harm was done and therefore awards a very small amount of money (for example, $1.00).
I heard about this matter, what, a week back? I’ve been so busy I haven’t had time to dig into it. Seems a lost point now, but damn, how ’bout them apples? And, I suppose this case in now on the books as precedent in case some other corporate behemoth wants to put the smack-down on a couple of wayward former employees. A dollar… shit. I’ll be smiling all night after that one.by