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What will be the financial impact on Samsung due to the mass arbitration case by the end of 2024?
2
Resolution / Starting Odds
No significant financial impact • 25%
Impact between $1M and $10M • 25%
Impact between $10M and $50M • 25%
Impact over $50M • 25%
Samsung's financial reports and news sources
Story
Samsung Wins $4M Appeal in 7th Circuit Mass Arbitration Case
Jul 2, 2024, 05:57 PM
The Seventh Circuit Court of Appeals has ruled in favor of Samsung Electronics, reversing a previous decision that would have required the company to pay $4M in arbitration fees. The case involved 35,000 consumers who claimed that Samsung had illegally collected their biometric data. The court determined that the plaintiffs had not provided sufficient proof of valid arbitration agreements, and that courts cannot compel companies to pay initial arbitration fees. This ruling represents a significant win for Samsung in the ongoing mass arbitration battle.
View original story
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Less than $100 million • 25%
$100 million - $199 million • 25%
$200 million - $299 million • 25%
$300 million or more • 25%
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Earnings slightly lower than Q2 2024 • 25%
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Earnings higher than Q2 2024 • 25%
NVIDIA changes financial reporting practices • 25%
No change in reporting practices • 25%
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Stock price increases • 25%
Stock price decreases • 25%
Stock price remains stable • 25%
Significant volatility with no clear trend • 25%
Stock price increases • 25%
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No other major lawsuits • 25%
1 to 2 major lawsuits • 25%
3 to 4 major lawsuits • 25%
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Less than $100M • 25%
$100M to $150M • 25%
$150M to $192M • 25%
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Significant financial impact • 25%
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Minimal financial impact • 25%
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Less than $10 million • 25%
$10 million to $50 million • 25%
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No payout • 25%
Yes • 50%
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No penalty • 25%
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$1 billion to $5 billion • 25%
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Bonus system completely overhauled • 25%
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