And what will the damages be? Tort claims require a showing of harm.
Carta has a honeypot of extremely sensitive information. If they are loose on who has access and for what purpose, then I find it almost certain that well connected VCs are getting information out. Something like this going on for so long will have a paper trail. Given the money at stake it's likely someone is going to get the subpoena power and figure it all out.
Even then the onus is pretty big for demonstrating damages for lost opportunity rather than direct financial losses. For example if you called your broker to put in a trade and they missed it and the stock 10x the next day, your SOL even though there is a theoretical missed financial windfall. its a different story if you asked them to close a position, they didn't and then you lost money since the latter actually has tangible losses as opposed to missed theoretical gains.
In this case there is literally centuries of precedent that will be followed or the judge will be overturned easily.
I have no idea why you are doubling down on a thing you appear to not know a lot about rather than just admit you don't know. You dont learn things this way and you don't look better to anyone who reads the comment.
I'm not a lawyer, but I think that's how the legal system works.
damages were absurd
cheaper to pay the judgement than appeal
Seems like a contradiction.
All these legal eagles who think the courts operate with strict precision have no idea how things actually work. Hope everyone who has some glorified view of reality gets to actually pay for this beautiful system out of their own pocket.
I also lived in rural new York for years and my ex wife clerked for a judge where we were
So in familiar with the law and most of the areas between white plains and ~Rochester
You are meanwhile complaining about a decision you didn't try to get fixed.
Why don't you share the case info and I'll take a look.