In the afternoon, he learned that the contract had been signed and accepted the check for only US$800,000. Han Chudong happily asked someone to help rent a new venue and asked the people from Silicon Valley Mason Venture Capital to assist in completing the overall relocation of Aurora Games. The secretary's office was responsible for following up on matters such as the handover of material suppliers and patented technology.
All in all, Han Chudong completely took over Aurora Game Company in one fell swoop. You should know that after nearly a year of research and development, the company's home game console products have almost been completed, and they can be mass-produced and put on the market after preparations are completed.
The original plan was to start mass production before Christmas last year, but during the final test, it was discovered that it would cause damage to the TV display components. After this defect was overcome, it will be officially put into production in the near future. This shows that Bushnell did make great concessions in order to protect his own interests.
Is this the end of the matter? Of course not. Since Bushnell did not follow the rules, Han Chudong felt that there was no need for him to be too polite. He had quietly prepared to use the shell company to short Atari after it went public through a backdoor listing.
When asking the lawyers to draft the confidentiality agreement, Han Chudong deliberately left them some loopholes. He only promised not to announce any negative news about Atari, such as its poor performance and the strong competition it was facing. He did not say that he could not pay to short the company. If he did it well, he might be able to take advantage of the opportunity to earn back the more than 5 million US dollars in research and development funds that he had invested in Aurora Games last year.
Ever since he developed the habit of seizing opportunities, he would always consider the pros and cons first when encountering things. Just like this time, Han Chudong was actually prepared for a counterattack before the meeting. As Aurora Games was controlled by him, there was no need to care about what Bushnell thought.
Bushnell offended Han Chudong again and again, and he really offended the wrong person...
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It's true that strength has increased, but there are always some barefoot people who like to find ways to exploit loopholes.
As long as they find a little bit of negligence, they will hold on to it and file a lawsuit in court, using the punitive damages mechanism to try to obtain large compensation. The final result is often an out-of-court settlement. If the lawyers feel very confident, they will hold on until they help Han Chudong win the lawsuit.
However, there are also plaintiffs who do not recognize the amount of compensation in the out-of-court settlement and continue to insist on the full amount of compensation they demand. Last year, the entire Mason United Group spent more than 7 million US dollars on litigation and compensation alone. It also made up for certain losses by suing the infringing party and certain others, but in the end it still suffered a huge loss.
Americans like to sue big companies because compared to the small litigation costs, winning the case or settling out of court can bring considerable profits, which may be money that they could not earn back in a lifetime of hard work.
Not to mention that some lawyers, for the sake of their own reputation and interests, even help the plaintiffs to initiate lawsuits for free in some cases where they have a better chance of winning. If they lose, they lose, but if they win, they can get a pre-agreed compensation.
Han Chudong is not the only one who encounters this kind of incident. Other company bosses also have a headache. Just when he was happy about Bushnell's concession today, more than half an hour later, Han Chudong received news that Mango Toy Company lost a case and the compensation amount will be as high as more than 1.2 million US dollars. The cause was simply that a 16-year-old boy swallowed the wheel of a four-wheel drive racing car and his trachea was stuck. Finally, he suffocated his brain due to lack of oxygen and became a vegetable.
"How could he lose? He's not young at sixteen. Doesn't he know not to put toys in his mouth? Even a five or six-year-old child knows not to do that. Why did he lose the case?"
Hearing Han Chudong's questioning, Mr. James Mancuso, the senior partner sent by the law firm, was very helpless. Long before he came to report the news, he had guessed that the meeting would most likely be very difficult, and now it seemed to be true.
James Mancuso, sitting across from the desk, replied in an awkward tone:
"Although he is sixteen years old, his intelligence is only about six years old. He went to the hospital for a test before and left a certificate. I checked it at the hospital and it is true. The neighbors around me also know it.
We have tried very hard and originally thought we could win. However, the jurors tended to sympathize with the plaintiff, thinking that a single mother, without medical insurance, would have to take care of a son who might never wake up. The other side's lawyers were very good at making them believe that the size of the racing car toy parts was wrong and the parts were easy to fall off, which led to this tragedy. I suggest you appeal. This loss was entirely due to the irrationality of the jurors. "
Han Chudong certainly thought that the already miserable teenager who swallowed toy racing car parts and became a vegetable deserved sympathy.
Sympathy is one thing, but losing the case is another. The four-wheel drive racing car toys are only sold to children over eight years old. A big "8+" is written in red font on the packaging box, and safety risk warnings are also indicated. It is recommended that the toys be used with the supervision of parents. Everything is arranged for production and sales in accordance with the Toy Association and explicit regulations.
Mango Toy Company has high sales volume, and accidents such as accidental swallowing and scratches are not the first time they have occurred. However, this is the first time that the compensation amount is so high.
Han Chudong felt very wronged and said, "Look at my desk. Plastic bottle caps, pen caps, lighters, even the knobs of the lamp and the buttons of the phone, all have the risk of being swallowed after falling off, causing suffocation. Even if we return to primitive society, wouldn't fruits and stones not be swallowed by mistake? The reason is clearly on the other party. Since he knew that his child was mentally retarded, he should have played a better guardianship responsibility. He didn't consider his child's situation when buying toys. He remembered it during the lawsuit. It's really difficult to do business. Sigh."
Complaining is useless, the problem still needs to be solved. He continued to ask attorney James Mancuso: "If I appeal, what are the chances of overturning the verdict? Also, will the result of this trial lead to the recall of my company's products?"
There is no wrong version in the 1619 book forum!
"The chances of a successful appeal are very high. We will form a more rational jury. As for the product recall, I must go back and study it to see if there are any loopholes that can be exploited."
After saying this, James Mancuso hesitated for a moment, and finally warned, "Mason, you have been too exposed recently. Everyone knows that you are rich. Since you bought the plane, the number of lawsuits we have faced has increased more than seven times. I think it is better to reduce settlements in the future. Even if there is a high probability of losing the case, it is better to drag it out for a few years. Let others know that you are not easy to mess with, especially let those lawyers understand this truth. As far as I know, lawyers like to make trouble for you now because they are likely to make more money."
I really haven't thought about it from this angle, and I don't pay enough attention to the company's legal department. Han Chudong was stunned for a few seconds and replied: "Do whatever is beneficial to me. You know more about this than me..."