Righthaven Tells Court It’s Rejected by All Bonding Companies

[Newsjock]

http://www.businessweek.com/news/2011-10-11/amazon-com-righthaven-astrolabe-intellectual-property.html

Righthaven LLC, the Las Vegas entity that has filed more than 150 copyright-infringement cases, 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.”

[Kelvin Mace]

1. Sounds like someone's business model is failing

If you can't running an extortion racket in Vegas, you are pretty much done.

[DirkGently]

2. That's a pretty small bond. Guess they can't appeal. Most unfortunuate.

Apparently an individual blogger Righthaven sued is one of the many who turned the tables on their scheme:

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.

(snip)

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.”

Perhaps the business model of buying copyrights on consignment in order to suckerpunch bloggers and small websites and extort money from them was ... unwise.

[Viva_La_Revolution]

3. I dance on their grave!

[AngryAmish]

4. I guess it is time for a little end-zone dance.

[dixiegrrrrl]

10. ok

[WhiteTara]

5. Cry me a river and I'll cry a river over you.

Hahahahahahahahah:rofl:

Bye bye slime balls.

[hobbit709]

6. My view on this is

:rofl: :rofl: :rofl: :rofl:
:nopity: :nopity: :nopity: :nopity:

[ladywnch]

7. awwwww, das a shoda (sp)....... fucking nazis! LMAO!!!!!!!

you mean your jack booted thug repub rags won't even pony up a few scheckels to keep you guys afloat? ohhhhhh, that doesn't bode well ohhhhhh dear...........I believe you're being left to hang out and twist in the wind


:woohoo: :woohoo:

[Ikonoklast]

8. An "F" risk factor, all cash or secured collateral.

They are done, all they are is a desk, chair and computer in that attorney's office.


SCAM.

[NBachers]

9. The END of the Unemployment Line is over there, sir

Anguish, despair, fear, regret, depression, and bleak future . . . It couldn't happen to a more deserving piece of shit.