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DoesntMatter22 | 10 days ago

This will continually be appealed until it’s reduced.

discuss

order

DannyBee|10 days ago

They claim have a pretrial agreement to reduce it to 3x compensatory damages (which would make the total judgemnet 160 million instead of 243 million).

Appealing is expensive because they have to post a bond with 100% collateral, and you pay for it yearly. In this case, probably around 8 million a year.

So in general its not worth appealing for 5 years unless they think they will knock off 25-30% of the judgement.

Here it's the first case of it's kind so i'm sure they will appeal, but if they lose those appeals, most companies that aren't insane would cut their losses instead of trying to fight everything.

DoesntMatter22|10 days ago

They will 100% fight it regardless. This is a massive verdict against them and it sets a bad precedent. There's no way they don't fight it. It's a ridiculously large verdict.

LeoPanthera|10 days ago

This was the appeal.

DannyBee|10 days ago

No it wasn't, it was a motion to set aside the verdict, made before the trial judge.

The appeal will go to the 11th circuit.

tiahura|10 days ago

No it wasn't. This was the trial judge deciding to not reduce it. $43 million in compensatory damages is unusually high for a wrongful death.

Hamuko|10 days ago

Does the American legal system have infinite appeals?

EastSmith|10 days ago

Why the f this was downvoted? Literally from the article:

> Tesla has indicated it will appeal the verdict to a higher court.

DoesntMatter22|10 days ago

Generally the people here are extremely against Musk so most things that are said which are positive, even if true, will get downvoted.