(no subject)

[ivyfic]

There's yet another fake memoir scandal in the news, but that's not the best publishing scandal today. No, that goes to the inimitable Judith Regan, who did not pay the lawyers who settled her lawsuit against Harper Collins for unlawful termination.

Here's a hint--don't screw with the lawyers. They will win.

Comments

[svilleficrecs.livejournal.com]

Screwing like lawyers is kind of like screwing with demons, I think... really inadvisable.

[ivy03.livejournal.com]

Yeah. Especially since you're going to have a hard time hiring a lawyer to defend you from the lawyers you didn't pay. And she racked up 1,200 hours of legal fees on this thing, too, plus 25% of the settlement. I don't even want to know how big that bill is.

[chuckro.livejournal.com]

I wouldn't be surprised if 1,200 hours of legal fees is the rest of the settlement. At $400/hour, that's half a million dollars.

And okay, she sued them for $100 million--but how much do you think she actually got from a PUBLISHING HOUSE?

[moonlightalice.livejournal.com]

1. Lawyers bill way more than that.
2. Publishing houses are incredibly wealthy, it's their employees that are not.

[chuckro.livejournal.com]

Perhaps it's just my experience as a stock analyst talking, but we don't touch publishing houses--they have a remarkable tendancy to hemorrage cash and have been shrinking for decades.