Sony loses $892.5 million in the class action lawsuit...

[drwily008]

...as the title states: Sony loses $892.5 million in the class action lawsuit.

THIS IS BIG NEWS, READ IT ALL MERGERS (with Nintendo!) & DOWNSIZING FROM SONY.

All information is translated from the German CNN website.

From www.CNN.com/deutchland:



Sony will report an $892.5 million loss for Q1 2005. This loss comes as a result of a class action lawsuit started by consumers who purchased a defective/faulty Sony Playstation 2 between 10/15/2000 and 7/5/03. The lawfirm handling the lawsuit is the large Los Angeles based lawfirm Smith, Dewitt, and Jelinski.

The result of the penalty was a huge victory for all civilians involved, resulting in an average $21,500 per participating client. This loss came as a huge disappointment for Sony of Japan. Kenagi Matsumoto [Head of the lawfirm representing SOJ] had this to say: "I believe that an immoral injustice has been done on this day..." "...and futhermore my collegues and I will appeal this before a federal court."

Official representatives from Sony of Japan were not availible for comment. However a rumor leaked out of Nintendo of America that they were in the purchasing phase of their 2005 financial plan. Meetings have been confirmed between Nintendo of America and Sony of Japan, and it has been known for several weeks that Nintendo is to purchase 58% of Sony's current holdings.

This will be a triumph for Nintendo of America, who have reported a $67 million loss in Q4 2004 and Q1 2005. Nintendo has already made informal announcements that they will be merging the Mario franchise onto Sony's new Playstation Portable. Furthermore Sony's new technology BLU-RAY thought to be used exclusively for the "PS3" will be integrated into the "Nintendo Revolution".

The integration of BLU-RAY technology will allow for more data [20.75 Gigabytes] to be stored on one disc as opposed to the smaller [2.5 Gigabytes] able to be stored on Nintendo's own "mini DVD-ROM".

With the "Revolution" being capable of this much storage space on their new innovative system the results will be outstanding compelling consumers to play PS3 games, PSP games, Gamecube games, Nintendo DS uploads, and the new "Revolution" games. The current Wavebird controllers [a patented wireless controller by Nintendo) will be implemented into the new hardware.

Wow, this is totally awesome! I cant remember the last time I was so HAPPY! Ive got a grin from ear to ear for very obvious reasons. :D

[PrototypeFC3S]

Does this mean that Nintendo will be #1 once again? If so I think I need a change of underwear.

I think this is huge. But then again, I remember hearing somewhere that Nintendo would never go cross platform with other companies. This is all kinda wierd. Sounds a little too good to be true.

[Slate]

All i have to say is Whoa.. O_O .

That's all.

[CreamSoda]

*Looks at Today's date*

No more comments needed.

;)

[SoulBlazer]

Yeah, I'm calling BS on this one also.

Good joke, though. LOL

[MegaDrive20XX]

God that would so rule...

[djbeatmongrel]

this sadly reaks of April Fools joke :roll:

sweet, this is post 666 :devilish:

[PrototypeFC3S]

*Looks at Today's date*

No more comments needed.

;)

I totally forgot is was April. ROFL

[Slate]

*Looks at Today's date*

No more comments needed.

;)

I totally forgot is was April. ROFL

I'll have to remember that 365 days from now. :P

I knew there was something odd going on..

[Sylentwulf]

Come on, $21,500 per person? lol. Maybe if that was in yen it would ALMOST be believable, right up until Nintendo suddenly buys 58% of stock (which is an odd number in itself)

All in all, not an overly believable A1 joke. Every date, company, and number is too off lol.

[drwily008]

I have one question:

Why would CNN make a "joke" about such a strange subject?

This can't be an attempt for a joke, why would a large corporation do such a thing?

[Slate]

\sweet, this is post 666 :devilish:

Not if the text is in My post! LOL Post 259. :P

April joke... (Yeah i know i got it wrong.. Supposed to fool, not joke)

[calthaer]

These jokes purporting to be real news get old fast.

Come up with an original joke for once.

[Slate]

These jokes purporting to be real news get old fast.

Come up with an original joke for once.

Read my post up above.

[GobopopRevisited]

This wouldn't be good news at all... Should this happen, Who do you think would end upl designing the next Game Boy? Ken "The Architect" Kutargi... :/

[DynastyLawyer]

Does this mean that Nintendo will be #1 once again? If so I think I need a change of underwear.

I think this is huge. But then again, I remember hearing somewhere that Nintendo would never go cross platform with other companies. This is all kinda wierd. Sounds a little too good to be true.

Lawyers have a saying: "If an offer sounds too good to be true, it probably is."


I have one question:

Why would CNN make a "joke" about such a strange subject?

This can't be an attempt for a joke, why would a large corporation do such a thing?

Your link to CNN isn't working. I checked the legal section of CNN (The United States CNN, of all places) and didn't see it. Therefore, I'll believe it when I get the Westlaw Citation to it, punk.

Not to mention that the news article is filled with a bunch of unlikely elements. "Huge victory for all civilians?" Try plaintiffs. "I believe that an immoral injustice has been done on this day..." Like Lawyers give a rat's ass about moral injustices, unless they're defense attorneys on the criminal side of things."...and futhermore my collegues and I will appeal this before a federal court." Biggest "no shit" statement from a lawyer ever. OF COURSE YOU'LL APPEAL. AND YOU'LL APPEAL IT TO THE COURT ABOVE IF IT'S IN FEDERAL COURT, AND YOU WON'T APPEAL AT ALL IF IT'S IN STATE COURT, BECAUSE OF FUCKING RES JUDICATA.

[Slate]

\sweet, this is post 666 :devilish:

Not if the text is in My post! LOL Post 259. :P

April joke... (Yeah i know i got it wrong.. Supposed to fool, not joke)

Just so you guys know: I'm not intending to get people mad. Just a freindly joke.. No offense, please!

[calthaer]

These jokes purporting to be real news get old fast.

Come up with an original joke for once.

Read my post up above.

As an attempt to fool people, it's even lamer than if it were intended to joke.

[tholly]

at least this was a little better than the other fake news story that was "released" a few days early

[Pantechnicon]

Come on, $21,500 per person? lol. Maybe if that was in yen it would ALMOST be believable,

Time for a quick off-topic legal lesson: Even if this story were true, a settlement figure as such doesn't mean that's how much cash everybody's going to get. All that figure represents is settlement divided by # of heads represented in the class action.

Most of such a large payoff would go to - you guessed it - the lawyers. What's left is arranged into a trust administered by a 3rd party that pays a small compensation to claimants in the suit as well as post-ruling claimants. You see these ads (run by law firms, I must point out), for example, that say if you took such-and-such drug you can get part of the settlement. What really happens is that the law firm gets a compensation for "finding" you and getting you to waive any further legal action, and you get treated to a free physical exam paid for out of the trust. That's your share of the settlement.

If this Sony story were really true, that $21,000 or whatever would be whittled down to a coupon good for $25 off your next Sony purchase. Dem's da breaks, kids...

[Push Upstairs]

You lost me at the whole "getting $20,000+ for my faulty machine".

Perhaps my idea of how stupid the law work is faulty...but how does one recieve $20,000 for a machine they *AT MOST* paid $400 for?

I understand the whole "hot coffee in mah lap = Millions" but since the machine didnt cause any bodily harm how could any court award anyone that much money for a borken machine? Especially one that you arent required to own to live and one you don't *NEED* to use.

[vintagegamecrazy]

I hate to say it but but I think that suit is really serious, I was in GameCrazy at the beginning of the week and the assistant mgr said you won't beleive but Sony has an $800 million lawsuit and has to payout. Serves them right because their products are junk now. Good games but poorly built product.

[DynastyLawyer]

I hate to say it but but I think that suit is really serious, I was in GameCrazy at the beginning of the week and the assistant mgr said you won't beleive but Sony has an $800 million lawsuit and has to payout. Serves them right because their products are junk now. Good games but poorly built product.


Awww wow! Now we've got hearsay evidence to back up this splendid, earth-shattering case. Funny how the case yet lacks a solid internet link.
Or a name. Or a citation, so I could look it up.

[drwily008]

It's true, it was an April Fool's prank...to the people who believed it, thank you.

To the 1 or 2 people who have nothing else but input about what a BAD prank it was: What did YOU do for April Fool's day? AND what other kind of prank can you pull on the internet besides something like this "fake news"? You can't exactly put plastic wrap on someones toilet via the world wide web.

[slip81]

This all looks like cow flop to me

[kainemaxwell]

Does this mean no more RGB?

[Blackjax]

Heh, i fell for it until I read the replies

Good April 1 prank! :hail:

[Captain Wrong]

Heh, i fell for it until I read the replies

Good April 1 prank! :hail:

At least you read the replies. Hell, I thought we'd established this was a joke the same day it was posted, yet people were still treading it like it was real.

[DynastyLawyer]

To the 1 or 2 people who have nothing else but input about what a BAD prank it was: What did YOU do for April Fool's day? AND what other kind of prank can you pull on the internet besides something like this "fake news"? You can't exactly put plastic wrap on someones toilet via the world wide web.

I uh... didn't give into the one day societal mandate to be a cockmonger?

[drwily008]

Here is a recycled April fools joke from last year (mine).

Let's see if any of the new guys will fall for it without reading all of the posts! LOL

[cyberfluxor]

Can't say I did. It sounded so fake right off the bat. In addition, the link isn't active anymore.

[Diatribal Deity]

Not I either. But then again Sony doesn't need to be sued to lose alot of money...they do just fine operating as they do.

http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=SNE

Gotta love that profit margin!

[drwily008]

International Tatting joke

=A*P*R*I*L*F*O*O*L*S joke

Gotta love the forums insta thesaurus!

[drwily008]

Can't say I did. It sounded so fake right off the bat. In addition, the link isn't active anymore.

The link never worked, I made it up to give it validity.

You guys wouldn't believe the amount of people who freaked when they heard the *news*. I must've received 10 pm's asking for a link because they were so excited.

[Xizer]

This is only a joke? Damn.

YOU MAY HAVE WON THIS TIME SONY, BUT YOU WILL NOT WIN AGAIN.

[Hep038]

It was a good joke because so many people WANT to believe sony was being bought out by Nintendo. It was a good joke for the simple fact he knew some people would beleive it no matter what date it was posted because they so badly wanted it to be true. That and the fact the only way Nintendo could be come #1 in the game industry is from a lawsuit. For some people I am sure finding out this was fake, was like finding out their is no Santa. I for one enjoyed it.

[Zadoc]

Poorly written April Fool's joke. (Emphasis on "poorly.")