Jury Orders Vivint To Pay $190 Million Damages To CPI

JH
John Honovich
•Feb 18, 2023
IPVM

Vivint has been hit with various judgments (e.g., Vivint Illegally Opened "Hundreds of Thousands" of Accounts, Says FTC) but this is the biggest, by far.

A North Carolina court issued a 5-page verdict awarding CPI nearly $190 million across 5 counts. CPI's revenue is in the $100 million range so if they collect this in full that would be quite the payout.

**************,****** ********, ****** **** **** ******.

** *** *******, *** ************ ******** (nearly **%) *** *** ******** (*.*. intended ** ******) *******:

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*** ********** **** * ***** ******* and * ***** **** *** ******** and ***:

*********, ***'* *** ***** **** ** the ***** ******* ***** *** ************ **** **** ** * *** boycott.

****** ******* *** * **** *** bad ***** ****** ** ********* (****** the******* *** ******** ******** ** * Texas ****** *******).

LJ
Lee Jones
•Feb 18, 2023
Support Services Group

*** **** *** *** *** ** this ****…. ** ****** ****? ***** M&A *** ********* ***** **** **** “stay ****:” ** *** *** **** continue??? **** *** ****** *** *** looking *** * ********* & ***** mentor?

(1)
JH
John Honovich
•Feb 18, 2023
IPVM
In reply to Lee Jones

*** **** *** *** *** ** this ****

**** * **** ***, ***** **** trial *** *******,*** ************** *** "****** *********** ** ** track ** ***** ** *** ***** quarter ** ****." **'* *** ***% certain ** ***** *** **'* ****** certain ***** ***** *** *** **** major ******* ** *************.

** *** **** **** *** *** NRG / ****** ****, ****** *** get *** ******** ************* ******* ** appeal. ****, **** ** **** ******** stands, **'* **** **** **% ** the ***** ** **** $*.* ******* acquisition.

** *** ******** ****, **** ***** losses ***** **** **** ****? *****'* still ** ******* *** ****. ***** other ***** ********* *** ******? *** there ***** ****** *** ** ********** might **?

*** **** ** ******, ************, ******* these *******? * ***'* **** *** presumably ******'* ******* ****** **** ** beneficial ** ******** (****** ** ** now **** ****).

**** ****, *** *** ***-**** ********** are ********* **** ******* ** **** Lake **** ** *** ****** ***** (which**** ** ******* ** ******* * *** ******).

U
Undisclosed #1
•Feb 18, 2023

*********, ***'* *** ***** **** ** the ***** ******* ***** *** ************ **** **** ** * *** boycott.

* ******'* ************ ***** ******** ** the ******* ****** ** ******* - and *** ******** ** **** **** maybe */* ** *** *****.

** *** ********** ******** **************** **** ****** **** ******** **** using ** ******** *** *** '***** out ** ********' - ***** *** a *** **** ** *** ****.

*** ** *** ******* *** ** in **** **** *****, * **** after *** ******* *** ***** ******* Vivint, ****** ******* ** *** **** party **** *** ******** *** *** boycott ** **** *** ***.

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JH
John Honovich
•Feb 21, 2023
IPVM

*********** ***********, ******'* ***** ******* *%+ today, ***** ** ******** ***** ****** has * "********** *********" **** ** acquirer ** * *** *****. ********, that ***** *** ***** ***** *** meaningfully ******.

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************ ****:

**** ********* ** ****** **** ********* that *** **** ******* *** ***** NRG ****** ** **** * **** price *** ** ***** ******** ** regard ** ***********.

** *** *** ******* ***** *** think **** ***'* **** *** ****** on *** **** ***** ** ********* to ***** **** *****, *** ***** make ~*% ** * *****.

***, **'* ******** **** ******** ******* concerns *** ***, ****** * **** to ******* **** *** **** ** should **** ***** ***** ***** ****-******** Vivint ******** **** **** ****** ** this ****.

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