Hi All,
Quote:
Originally Posted by ngcles
They've asked from 40-60%. Reading between the lines, 2-5% (if that) is more likely -- but I guess we'll see. Substantial but not likely to send Hay or EMI broke.
But make no mistake, win, lose or draw, all the lawyers involved will make a lot of money from this case.
Lawyers always win ...
Best,
Les D
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So who's the prophet/seer ?
And yes, the costs for both teams of lawyers (probably in the region of $1 million total -- if not more) will have to be borne by EMI & Hay undoubtedly exceeding the quantum of the royalties deemed by the court to be payable several times over. 5% of 2002-2010 will probably be only in the order of a couple of hundred thousand dollars max -- probably much less than that in fact.
Hay/EMI might well have been able to negotiate a settlement out of court for 10-15% easily halving their total bill and kept the whole issue out of the public gaze.
As I said, the lawyers
always win.
Best,
Les D