This case is about the defendant benefiting from unambiguous public information about the market value of the works, since the law provides them with some protection when they make a reasonable settlement offer but are forced to continue litigating instead.
If the eventual settlement is less than the original offer, then the plaintiff is liable for costs that occurred after the point the offer was made.
As far as copyright law goes, it seems almost sensible ...
The fact that it's based on public information puts the valuation's reasonableness on a very strong foundation, and allows the defendant to be far more confident that their offer will actually exceed a fully-litigated award.
But only if the original offer is reasonable. The basis of public information just makes it easier to support the claim that the offer is in fact reasonable.
I think that was Ireland in the 80s or 90s though, I'd "imagine" things are approached with a bit more rigor these days ...
Legally speaking this is no different than you selling copied DVDs on the street corner and Sony catching wind and coming after you for damages. They're not going to ask for $75 (five times a $15 disc), they're going to ask for statutory damages for each infringement you've made (potentially per song for a CD, etc).
This guy has just made a business out of monetizing that for clients who can't be bothered to do it for themselves. A true entrepreneur in the spirit of HN, find a niche that your clients don't want to do for themselves or are not capable of doing for themselves, and monetize it.
This is much less cut-and-dry than patent trolling, where the real problem is that the patents should never have been issued in the first place. He's representing real clients whose works have really been infringed, and by statute they are entitled to large damages. If you want to fix that, go after the concept of statutory copyright damages.
I love Democracy Now but if they want to use this guy's photos they should approach him for licensing, not just use them and cry about the damages when he or his lawyer comes after them.
We do not need to set up a two-track system where Disney gets $300k per infringement and a small photographer gets $500 per infringement.