Quote:
Originally Posted by CaptainYooh
Why? Punitive damages for the violation could be somewhat high, I suppose. But they are (or should be) defined in the legislation on a per occurrence basis. The actual damages are going to be practically impossible to quantify. What are the actual damages?
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I was speaking more to the litigation costs. We are talking about potential class action law suits in pretty much every jurisdiction you can think of. Not sure how those would be or could be combined across jurisdictions.
Slightly off topic, but I had the misfortune of dealing with the Foreign Corrupt Practices Act, which is the US legislation prohibiting bribery of foreign officials. It seems that companies spend 100's of millions just in the investigation/litigation of these issues. That doesn't count the actual award against them, if it comes to that.