Neal Freiman
👤 SpeakerAppearances Over Time
Podcast Appearances
Neil, the jury is still hearing arguments around whether to impose punitive damages on the companies to go along with the compensation they are sending Kaylee's way.
But the bigger question is, does this open the floodgates as the companies face down similar cases scheduled to go to trial later this year?
Yeah.
I think the best way to look at this dichotomy is that it's no, it's not a speech case anymore.
That's what sex and two 30 rested on.
It's like
can people say whatever they want on our platforms and are we liable for that?
That was a shield for a long time, but you are correct that now that we're looking into the specific design choices, that's what makes it addictive as a cigarette or addictive as tobacco.
That's why we keep kind of comparing it to the tobacco industry.
I mentioned that a punitive damages phase is what's up next in the trial and that the plaintiff's lawyer is kind of going for the jugular.
At one point in the courtroom, Mark Lanier, who is the lawyer,
who represented Cayley, held up a jar of M&Ms saying each piece of candy represented a billion dollars of the company's value.
And then he took off one bit of the shell of a single blue M&M and said, this is $200 million.
They do not want to feel the pain for what they did.
So basically he's arguing for much larger, you know, damages to come out of this trial, not just the compensatory payment made to Cayley.
That's a couple more blue M&Ms, which is what these lawyers are after.
Moving on, the price of a brick is going up.
This week, Dow Chemicals told customers it will double a planned price hike for certain plastic resins as the shutdown at the Strait of Hormuz continues to choke off critical raw materials.
Dow's original 15 cent per pound price hike of polyethylene
a lightweight, durable thermoplastic that is the world's most produced plastic, is now 30 cents, meaning that everything from shopping bags to plastic bottles is going to get more expensive.