Reed vs Chamblee suit.

Slab

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Good point, yet even US $750 million is an absurd amount for Reed, even despite his claims in the past to be the best golfer in the world.

I'd understand it a bit more if the country of origin was Iran, as 1.07 billion would be equivalent to US $25,300 . Still a bit too much for Reed, but at least more understandable.

Agree, I think the amounts we typically see in any US court scenarios are pretty much immaterial and always vastly inflated from reality, but I guess they have to put a figure in of some sort so why not reach for the stars. If you win its better to get awarded 10% of 750m than 10% of 75m
 

SyR

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Agree, I think the amounts we typically see in any US court scenarios are pretty much immaterial and always vastly inflated from reality, but I guess they have to put a figure in of some sort so why not reach for the stars. If you win its better to get awarded 10% of 750m than 10% of 75m
Also the large sums adds pressure for a settlement to be found before it goes to trial.
 

AddisonRoad

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Also, the people behind the university stories about Reed have kept relatively quiet over the stories in the past. Surely they will now be called to testify under oath - could backfire big time.
 

Newtonuti

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All I'm going to say, is that thank god we don't have the same legal system in the UK. Where you can get sued for aa beyond a joke amount over something massively trivial.
 

Blue in Munich

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Why? Have they made statements in the public domain that have had a significant detrimental affect on Reed and his livelihood?

They gave interviews to golf magazines which formed the basis for articles about Reed's alleged behaviour that I would had a significant effect on how attractive Reed would be to potential sponsors. So yes, potentially they've cost him money.
 
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