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Financial Hardships in Strike 3 Holdings BitTorrent File Sharing cases discussed

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Attorney Steve BitTorrent Settlement Essentials - Submitting financials

In this episode of Vondran Legal Hour® Attorney Steve® discusses what we look for in terms of financial hardships when seeking to get the best settlement possible in a Strike 3 Holdings file-sharing lawsuit case.  We have appeared in over 250 federal court copyright infringement cases making us one of the top firms in the United States.  Here are a few of the things you can expect their copyright counsel may look at in determining a reasonable settlement:

  • Income - how much do you make each year?  Salary?  Hourly?  Overtime? (Tax Returns)
  • Monthly cash-flow (how much coming in deposits each month? How much going out?  (Bank statements)
  • Medical bills (dental, vision, verge of bankruptcy)
  • Large student loans coming out of deferment
  • High-interest credit card bills with limited cash available to access
  • Do you own a home?  What is the equity amount?  Do you rent?  If so, how much do you pay?
  • Do you own any investment real estate?
  • Do you own NFTs or cryptocurrencies, gold or silver?
  • Are you currently enrolled as a student?
  • Are you younger and living with your parents?
  • Other evidence of a lack of disposable income (ex. does your Instagram, Facebook, TikTok, or LinkedIn make you appear to be well-off)?

These are some of the main factors we look at in any infringement case including IPTV infringement, IPTV TV signal broadcast, photo infringement and other IP infringement cases where settlement amount becomes a factor.  For more information visit our website at AttorneySteve.com

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