Posts Tagged ‘lawsuits’
We’re not quite sure how we missed this one, but here’s today’s Public Service Announcement: Think about your GoPro helmet mount kit, and think hard. Why? Because there might just be a chance it could turn you into a paraplegic, or worse.
All this because of an interview with a lone French F1 journalist – Jean-Loiuis Moncet – who has been following Grand Prix legend Michael Schumacher and his very slow recovery from coma and paralysis after a skiing accident. Moncet wrote in October that “The problem for Michael was not the hit, but the mounting of the GoPro camera that he had on his helmet that injured his brain.”
Because of Schumacher’s massive celebrity, this single sentence caused a shockwave in the world of high-flying IPOs and action sports. GoPro’s stock (which had only gone public a couple of months before) immediately tumbled more than 20%, losing literally billions worth of market capitalization in a few short days (and other wearable cam makers followed). According to Forbes, GoPro responded by immediately (and publicly) discussing legal action; perhaps this was what led to Moncet immediately labeling his comment as ‘opinion’ via Twitter just days later.
December 16th, 2014 by admin
When Sir Robin Knox-Johnson crosses the Route Du Rhum finish line in Gaudeloupe in a little less than a week, he’ll get some spectacular news; the lawsuit filed by English
bottom-feeder lawyer Ruth Harvey against his Clipper Race was tossed out by a Havant judge earlier this week. Harvey claimed she suffered sexual harassment and discrimination aboard Jamaica Get All Right (irie?), and sought protection as an employee of the Clipper despite having paid a shit ton of money to sail the race. The judge disagreed.
Harvey dropped out after two legs and sued earlier in the year, and now that she’s been dispatched, we encourage anyone seeing her on a boat to heckle her mercilessly. Head over to the thread for pics and more information.
November 14th, 2014 by admin
We just learned that longtime dinghy and sport boat sailor and early SA’er Scott Fox pled guilty last month to Fraud and Tax Evasion charges in an ongoing Maine scheme that would make Wall Street proud. According to the DOJ, “Fox used his position as a loan officer at Casco Northern Bank and at its successor, KeyBank, to originate or authorize over $14,000,000 in fraudulent loans and lines of credit using the identities of four real individuals, without their knowledge or consent. He used over $5,800,000 of the fraudulent proceeds to keep the loans current and prevent the detection of his scheme. He used almost $8,200,000 for personal expenses including to pay for his children’s educations and family vacations, and to support his business, “The Boathouse.” Fox failed to report receiving any of this income to the Internal Revenue Service (“IRS”) causing a tax loss of over $1,300,000 between 2006 and 2011.“ Fox also bought a home and paid to support a mistress on his ill-gotten gains.
While he’s been ordered to pay restitution to the bank and IRS, with his sentence likely to be at least 8-10 years in Federal prison (no parole), the reality is that Fox’s debt is a write-off. The terms of his plea agreement don’t include a sentence so Fox could actually see the full 30 year maximum, though he’s entitled to appeal anything over about 12 years on the terms of the deal.
March 17th, 2014 by admin