Wednesday, 4 August 2010

Activision CEO Loses Legal Battle Against Former Counsel

Call it double jeopardy: not only did Activision CEO Bobby Kotick have to settle a sexual harassment suit against a former flight attendant who had sued him, a Goldman Sachs executive who co-owned a Gulfstream Jet with him and the pilot of said Gulfstream for sexual harassment and wrongful termination, but he ended up losing over $1m USD to his former defence attorney.

Patricia Glaser, of the firm Christensen, Glaser, Fink, Jacobs, Weil & Shapiro, had charged Kotick a fee of around $1m for their services, but Kotick responded with a cheque for $200k, just 20% of the total. Upon suit by Glaser, the California Court of Appeal decided on a charge of $938,458, plus $479,898 in legal fees.

For anyone that has heard some of the things Kotick has said in the past, the last paragraph of this piece won't surprise anyone:
"As for the sexual harassment case that set off this entire chain of events, Kotick changed legal council several times, eventually settling with Madvig for $200,000, plus $475,000 in legal expenses. Glaser's firm initially advised the defense to settle for a similar amount, but Kotick allegedly "wanted to destroy the other side and not to pay Ms. Madvig anything."
Couldn't happen to a nicer guy. Is it wrong to actively celebrate something like this?

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