Zillow had 27.1 million in legal fees in 2015
Ben Lane at HousingWire.com
“The legal battle is still ongoing, with Zillow stating that it spent $8.1 million in legal fees related to the Move/News Corp lawsuit in the fourth quarter, and $27.1 million for all of 2015, with those fees dragging down Zillow’s total financial results.
But Zillow’s not of the legal woods yet.
During a call with investors, Zillow’s chief financial officer, Kathleen Phillips, said that the costs related to Zillow’s “necessary defense” against Move’s claims are projected to rise from $27.1 million in 2015 to $36 million in 2016.”
Does that mean a a total cost of $63M in 2015 and 2016? I guess either number is scary. Fuck.
In a recent News Corp earnings call they mentioned spending $4M (in their Q2). Which means a run rate of $16M a year. Guess its cheaper to be the suer than the suey?