Reply to AG Racine suing Michael Saylor and MicroStrategy

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Now Saylor has agreed to pay DC $40 million

https://oag.dc.gov/sites/default/files/2024-06/2024.05.31%20Consent%20Order_Bilateral_signed.pdf

So much for the posters claiming this lawsuotw was groundless— maybe they are the same ones thinking Trump did nothing wrong[/quote]
 Don’t think you bothered to read the consent order. [/quote]

Don’t be coy. Saylor agreed to pay DC $40 million. No one does that unless they have some real potential liability. [/quote]
Defendants were both Sailor and Microstrategy. Both parties agreed to a settlement without admission of guilt or wrongdoing, as the consent order states, “to avoid the time, expense, and inconvenience of any further
litigation”.

The litigation was not even brought by DC. DC hired a private company to pursue the case on their behalf and it is not disclosed how much DC will actually keep, if anything. 
[/quote]

huh? you mean DC hired outside counsel? or are you trying to refer to the qui tam plaintiffs? in any event nobody settles for $40 mil unless they did it. we all know that. especially rich people! [/quote]
No. The case was brought on behalf of DC by a company called Tributum LLC. The consent decree specifically stipulates that DC will direct the Defendant to make payment in an unspecified amount directly to an escrow account controlled by Tributum LLC under a separate agreement between DC and Tributum LLC. The amounts and terms of that agreement were not disclosed. Furthermore, the funds paid to DC will not go to the general fund but will go to and be solely controlled by the DC AG.

Y’all are celebrating while Schwalb is making secret deals with companies and running a slush fund outside Council control. [/quote]

Tributum is the qui tam plaintiff, dummy. [/quote]

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