Article

2011-10-11 -Lurid Crime Tales-

Righthaven Tells Court It's Rejected by All Bonding Companies

[Bloomberg News] Righthaven LLC, the Las Vegas entity that has filed more than 150 copyright-infringement cases,
276 is more than 150...
told a court it can't raise the money to post a $34,000 bond.

In what it characterized as an "urgent motion," Righthaven told the court Oct. 9 that none of the bonding companies will permit it to secure the bond the court said the company must post as part of an appeal.

The bonding companies Righthaven has contacted ask for "full cash payment, certain forms of collateral held by the company or irrevocable letters of credit." Righthaven claims it is unable to meet these requirements and that all of its operator capital "is being utilized to service its monthly operating expenses."

The defendant Righthaven sued is "clearly seeking to seize and liquidate Righthaven's intangible intellectual property assets," the company claimed. Righthaven said that all of its assigned copyrights "are in jeopardy of seizure and liquidation through judgment enforcement efforts by Hoehn."

Righthaven sued Wayne Hoehn in federal court in Las Vegas Jan. 11, complaining he had posted content on his blog originally appearing in Stephens Media Group's Las Vegas Review- Journal. The court was skeptical about Righthaven's right to pursue copyright-infringement cases, saying the company doesn't appear to own the copyright to the material it says is infringed, and awarding Hoehn attorney fees.

In its Oct. 9 filing, Righthaven said that if the appeals court doesn't issue a stay order, Hoehn's efforts to collect his attorney fee award could "dismantle the company and end its ability to operate as a going concern." Hoehn's lawyers have "given no indication of a willingness to accept any structured settlement payments toward satisfaction of the judgment," Righthaven said.

Posted by Fred 2011-10-11 12:17|| || Front Page|| [11141 views ] Top

#1 "that computer you wrote that 'urgent motion' on? We want that too. NOW"

Posted by Frank G 2011-10-11 17:33|| 2011-10-11 17:33|| Front Page Top

#2 Have they looked in their multi-car garages for collateral? Title loans are an increasingly popular form of finance. Pawn shops too.

Posted by Eohippus Phater7165 2011-10-11 17:37|| 2011-10-11 17:37|| Front Page Top

#3 You, You, You mean we gotta Pay CASH, (splutter splutter) Impossible, CREDIT WAS ALWAUS GOOD ENOUGH BEFOEE ( bedore you screwed the world, you mean)

Posted by Redneck Jim 2011-10-11 17:50|| 2011-10-11 17:50|| Front Page Top

#4 "Righthaven Tells Court It's Rejected by All Bonding Companies"

Awwwwwwww - ain't that just too bad.

"all of its operator capital 'is being utilized to service its monthly operating expenses.'"

The answer is obvious: QUIT OPERATING.

Posted by Barbara 2011-10-11 18:46|| 2011-10-11 18:46|| Front Page Top

#5 they need their assets stripped and their license to practice law pulled. I won't be satisfied til they're turning tricks in Vegas parking garage stairways

Posted by Frank G 2011-10-11 18:47|| 2011-10-11 18:47|| Front Page Top

#6 Righthaven is 50 percent owned by the family of Warren Stephens, whose wealth is estimated by Forbes at $2.8 billion.

Posted by Creregum Glolump8403 2011-10-11 19:11|| 2011-10-11 19:11|| Front Page Top

#7 Stephens Media attorneys, in one filing, addressed comments April 14 by Roger Hunt, chief U.S. District Judge for Nevada, who wrote in an order that "Righthaven and Stephens Media have attempted to create a cottage industry of filing copyright claims, making large claims for damages and then settling claims for pennies on the dollar with defendants who do not want to incur the costs of defending the lawsuits."

Posted by Creregum Glolump8403 2011-10-11 19:14|| 2011-10-11 19:14|| Front Page Top

#8 If they can, the plaintiffs need to go up the food chain.

Posted by Alaska Paul 2011-10-11 19:18|| 2011-10-11 19:18|| Front Page Top

#9 Sux when you're in a f*ckin' corner, don't it?

Posted by badanov 2011-10-11 19:48|| http://www.freefirezone.org 2011-10-11 19:48|| Front Page Top

#10 Righthaven should understand it - after all - they sued Autistic bloggers and others who linked in Fair Use, yet found their potential losses overwhelming and paid up to the legal extortion. I stand by #5 - and I want pics or it didn't happen to pay off their (RH) debts. Moneyshots should count extra

Posted by Frank G 2011-10-11 20:37|| 2011-10-11 20:37|| Front Page Top

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