Originally Posted by
TransWorld
Damages agreed to of $787 million is just under half of $1.6 billion in the suit. Wish I was the mouse in the corner listening to the thinking. I wonder if they though that they should split the difference, which would be $800 million, minus some little something.
That's precisely what happened. FOX knew they were going to lose. Even more painful, they were also about to watch their on-air personalities, and executives admit, on the stand, they lied to their viewers. They offered up half with the incentive of payment now, vs apeal after appeal and then full payment a decade or more from now.
Dominion got half now and the time value of money. Lottery winners make this choice almost every time. It's hard to fault either for cashing that check.