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InvalidError

join:2008-02-03
kudos:5
reply to tshirt

Re: Fine is not just $100,000/day

said by tshirt:

people shouldn't get too happy about huge fines which will eventually be repaid by customers.

Exactly. The customers always pay one way or the other.

Lawyers like big numbers because they win regardless of which way things turn out in court. If Verizon gets fined 100k$/sub/day, chances are many Verizon will find their POTS/DSL/wireless bills increase by a few bucks per month to offset the fine, interests and capital gains that would have been expected from the same amount invested elsewhere. If Verizon pays a 2G$ fine, customers will inevitably end up paying well over 2G$ back in NPV for it over time.