Feb. 7th, 2012

cellio: (sca)
As anybody in the SCA already knows, but for the rest of you, the SCA just settled a $7M lawsuit out of court for $1.3M. Corporate liability insurance has thus far refused to cover most of this (so there's another lawsuit over that), and meanwhile the money needs to be paid. The corporation has already spent a lot of money defending this suit so they don't have it; thus they are assessing an 18% levy on all kingdoms, local groups, and major wars (which have their own bank accounts) in North America.

I wasn't sure whether I was going to post about this (the discussion is happening in lots of places already), but a few people have asked what this relatively-long-time-SCAdian thinks, so...

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