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To: Allegoria who wrote (872)7/31/2000 5:32:24 AM
From: Allegoria  Read Replies (1) | Respond to of 1045
 
cybervcr.com

Gemstar Wins Major Arbitration Award Against General Instrument

"The compensatory portion of the award is set at the greater of StarSight's lost profits or General Instrument's unjust enrichment based on a disgorgement theory. In addition, the panel also awarded StarSight punitive damages of 50 percent of the compensatory award, plus costs and attorney fees."

"The exact amount of the multimillion dollar award is being calculated by StarSight and will be submitted to the American Arbitration Association for the panel's approval."


Some issues / questions discussed on the GMST thread are:

Focussing in on the SFA and GI/MOT legal actions, which both involve the STARSIGHT EPG, it is my understand that these suits are identical and are partitioned into seperate actions related to ANALOG and DIGITAL cable boxes. This means there are actually four lawsuits against,

GIC for ANALOG: settled in GMST's favor by arbitration
SFA for ANALOG: headed for court?

GIC for DIGITAL: arbitration pending?
SFA for DIGITAL: headed for court?

The questions I'm wrestling with are,

Should the SFA/ANALOG suit make it to court, would the arbitration ruling in gmst's favor in the GIC/ANALOG action be admissable or considered by the court?

Since the arbitration panel already ruled in favor of GMST in the GIC/ANALOG issue, wouldn't the GIC/DIGITAL decision be a slam dunk? If so, why hasn't MOT settled yet?

Can anyone on this thread help in this discussion? Does anyone know anything about any of this?

Good luck,
Eric



To: Allegoria who wrote (872)7/31/2000 11:08:54 AM
From: Larry Kagan  Read Replies (2) | Respond to of 1045
 
Thanks Eric for your work here.
IMHO, SFA investor's should not lose sleep over these lawsuits. Even if they lose these legal gymnastics, then the money and energy used for legal fees and courtroom proceedings will be saved and the payoff will seem like just another cost of doing business: it will not significantly impact SFA earnings.
-Lk