The Time I Got Sued
Key Takeaways
Settling a class action lawsuit as a business decision
Full Transcript
I almost never talk about the time I got sued there was an article on Wired Magazine saying that we're sharing our data and analytics platform between companies so for example if you're Macy's they were saying I was sharing that data with Nordstroms and we weren't the FTC slapped us with the investigation but we pass with flying colors at the same time though we had a class action lawsuit and our lawyer told us it's actually cheaper in many cases to settle and what we ended up doing was swallowing our ego and settling and eventually we were able to get this done for just am measly $50,000 and the insurance company paid for the rest of the settlement which was roughly $450,000 in business there's going to be some times where you feel that your ego's just getting squashed on and you feel like you have no Pride you got to do what's best for the business not what's best for your feelings
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