Anthony Levandowski ordered to pay $179M to Google • Hacker News Board

Re: Anthony Levandowski ordered to pay $179M to Google

#41

Post by throw03172019 » Thu, Mar 05, 2020, 2:43 AM UTC

zanek wrote: post #3

Levandowski just filed for bankruptcy saying he has less than $100M in assets . Does anyone know if he will only pay a percentage or is only delaying this by kicking the can down the road to another court ? I would be highly surprised if his employer (Uber) shouldered any of the this

Didn’t he make tens of millions at Google as an employee as well? That is a lot of money to blow through (plus) assuming a nice chunk of Uber stock from Otto.

Re: Anthony Levandowski ordered to pay $179M to Google

#42

Post by Buge » Thu, Mar 05, 2020, 2:44 AM UTC

ethanwillis wrote: post #33

loeg wrote: post #29

Earlier quoted context omitted.

No, those are pre-settlement. He's now insolvent. The article touches on this at the end.

Not if he bought a mansion in Florida early on.

That's an asset, right? So it would be part of the $50-100M

Re: Anthony Levandowski ordered to pay $179M to Google

#43

Post by draw_down » Thu, Mar 05, 2020, 2:44 AM UTC

arthurcolle wrote: post #38

mlthoughts2018 wrote: post #16

Google has to get the Andy Rubin money back somehow.

Andy Rubin might be a creep but at least he didn’t steal intellectual property.

Good grief, what a thing to say.

Re: Anthony Levandowski ordered to pay $179M to Google

#44

Post by mfkp » Thu, Mar 05, 2020, 2:44 AM UTC

garmaine wrote: post #40

tomerico wrote: post #6

Earlier quoted context omitted.

I wonder how he doesn't have more assets after he sold his company to Uber for $680 millions

He bought a large house in Florida?

That's an asset.

Re: Anthony Levandowski ordered to pay $179M to Google

#45

Post by edoceo » Thu, Mar 05, 2020, 2:44 AM UTC

ethanwillis wrote: post #33

loeg wrote: post #29

Earlier quoted context omitted.

No, those are pre-settlement. He's now insolvent. The article touches on this at the end.

Not if he bought a mansion in Florida early on.

Soon be underwater on that too :/

Re: Anthony Levandowski ordered to pay $179M to Google

#46

Post by _jal » Thu, Mar 05, 2020, 2:46 AM UTC

arthurcolle wrote: post #38

mlthoughts2018 wrote: post #16

Google has to get the Andy Rubin money back somehow.

Andy Rubin might be a creep but at least he didn’t steal intellectual property.

I rate abusing one's power over other people as significantly worse than improper secret management.

Re: Anthony Levandowski ordered to pay $179M to Google

#47

Post by cdolan » Thu, Mar 05, 2020, 2:47 AM UTC

arthurcolle wrote: post #38

mlthoughts2018 wrote: post #16

Google has to get the Andy Rubin money back somehow.

Andy Rubin might be a creep but at least he didn’t steal intellectual property.

Do you value intellectual property over human decency lol?

Re: Anthony Levandowski ordered to pay $179M to Google

#48

Post by CalChris » Thu, Mar 05, 2020, 2:48 AM UTC

I’m not a Levandowski fan (although he was a brilliant engineer) but Travis Kalanick should probably write half that check.

Re: Anthony Levandowski ordered to pay $179M to Google

#49

Post by gnicholas » Thu, Mar 05, 2020, 2:49 AM UTC

mfkp wrote: post #44

garmaine wrote: post #40

Earlier quoted context omitted.

He bought a large house in Florida?

That's an asset.

I think GP is referring to Florida’s generous homestead exception, which allows a debtor to keep his/her home (regardless of opulence) despite creditors’ claims.

Re: Anthony Levandowski ordered to pay $179M to Google

#50

Post by ivanvanderbyl » Thu, Mar 05, 2020, 2:53 AM UTC

loeg wrote: post #37

specular wrote: post #23

Earlier quoted context omitted.

Very difficult to answer this with specificity, but in general there are a number of factors that influence the amount of cash you ultimately net from a sale, including: - Cap table: what % is owed to other founders, investors, employees, etc? - The total acquisition price may include substantial legal and other fees that will lower the actual amount received by the owners or shareholders. - How much of the acquisiti…

His company existed for a seven months in 2016 before being bought by Uber. It isn't clear (to me) if there were third party investors or what the cap table was, broadly. Purportedly 90 employees at time of sale to Uber.

I don't know what the CGT situation is in America, but in Australia of you own an asset (shares, property, etc) for less than 12 months before sale, capital gains tax kicks up to about 50%.