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Anthony Levandowski ordered to pay $179M to Google

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

#61
post #29

Earlier quoted context omitted.

well, multiples of that before this settlement was announced.

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

You do realize he has very strong incentives to understate his net worth now.

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

#63
post #6
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

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

Most founders make nowhere near the actual sale price for a VC-funded company, and Otto had 4 co-founders.

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

#64
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

My layman's understanding is it depends on the underlying reason for the legal judgment. When fraud was involved it is supposedly harder to discharge a judgement in bankruptcy.

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

#65
post #42

Earlier quoted context omitted.

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

Primary residence in Florida is shielded from bankruptcy and creditors. Also retirement accounts (both IRAs and 401ks). Lease your expensive ride and you’re mostly judgement proof.

What happens if you sell it, say, a year after filing for bankruptcy? Can you keep the cash?

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

#66

Seems out of proportion given 1) Google was willing to settle for [1]: https://threatpost.com/equifax-settles-class-action-lawsuit/...

When the fine is already > than his net worth does it make sense to increase it further? The actual impact on him won't change, and no more money will actually be recovered.

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

#67
Google's SDC efforts are rooted in Anthony's work: he helped kickstart the entire industry. Mark Harris broke the story here: https://spectrum.ieee.org/robotics/artificial-intelligence/t...

I don't know what IP is in question, but it seems to me that he had been working in AVs longer than almost anyone in the industry, so it's believable that Uber was valuing the Otto team's accumulated experience, rather than any stolen ideas.

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

#68
post #46

Earlier quoted context omitted.

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.

Theft to me is loss of wealth to the victim.

Saying "hey lets hook up or you won't get that promotion" is also loss of wealth and personal embarrassment so to me it's roughly equal with a bit of a bias against Rubin. But they acquired Android and he probably had some deep legalese and contracts preserving his golden parachute, can't really claw those back unless some really bad news comes out.

Sorry if this seems completely wacko to you but that's how I see it.

Both are ugly.

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

#69
post #52

Earlier quoted context omitted.

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.

Ah interesting, didn't know about that. Seems like a easily exploitable loophole if so.

Maybe for cases like this that involve literally millions of dollars, but it really helps normal people from becoming homeless if they fall on hard times for whatever reason.

Source: Family members went through bankruptcy in Florida and were able to get back on their feet much quicker because their house couldn't be seized.

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

#70
post #46

Earlier quoted context omitted.

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.

sure, but (unfortunately) the shareholders probably don't unless the resulting judgments cost more than the hypothetical IP was worth.
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