2024 Class Action Settled by Niantic In favor of Class Plaintifs. I was interested in allowable fees ( approved by court in class actions ) .
A top knotch firm fetches a blended hourly of $ 592.76 , in this case. Took 820 billable hours to settle in a year. Class Plaintiffs asked for a Fee & Expense award of $875,000. The eventual dollar settlement was 1.5 million and change to end the pain. Case No. 23STCV03241
Our case is more complex, but it does illustrate that Federal Court Cases can resolve in under a year in compelling cases.
When we win, we can expect to demand legal fees in any settlement. We have, according to The 2024 Financial Statement secured a loan ( under onerous terms ) to cover at least a year and a half of fees according to my primitive calculus.
Is it in Niantics best interest to settle rapidly ? You decide. Read our patents.
Broad and foundational. A win at Niantic will fire a wave of similar damage suits and royalty payment demands targeting many layers of the tech industry.
Patience and trust in GT to bring home the bacon, and hope that AP will at least try to develop revenue streams to stave off dilution and further pre-give away's of our
future settlement.
Read, understand, blog, question, due diligence. It is big, very big. Never take advise from a lurking, axe grinding, malignant loser SNA Star troll that does not have your best interests at heart.
Tex