My Age of Investment

  Chapter 525 Results of the trial (seeking monthly ticket)

  A week later.

  Dianping and Duoduodian’s lawsuits have opened court under much-anticipated.

  Shen and Zhang have been running in a relationship, trusting people everywhere, with the purpose of delaying the court time and cooling the incident.

  After all, there are not so many people staring at him. If the lawsuit is really lost, it will be lost. Although it is also very slapstick, it will not be completely discredited.

  As for making this court impossible, the two of them don't have that much energy, especially when more and more people are watching this case.

  Xia Jingxing naturally saw through their tricks, so he found a high-ranking official of the magic city, so that the case can be speeded up.

   In addition, Xia Jingxing did not waste the idle time of the week before the trial. The krypton gold system was turned on. The reporters waved their pens and contributed one sensational “Headline Party News”.

Under the enthusiasm of the media, the case of the "two major commentary disputes" has earned enough attention and has almost become a "textbook case" in the "modern business case in the new century", which is of great educational significance and popularized by the public. Commercial law, entrepreneurship avoids pits.

  In addition to the two major comments that have greatly increased their reputation, Envision Capital and Sequoia Capital have also broken the circle. Many people have remembered the names of these two companies and know that they can find these two companies to raise funds and start businesses.

  Especially some people who are planning to start a business and those who are starting a business are paying great attention to this case. They plan to bring their own entrepreneurial projects to knock on the door as soon as the case is over.

  Of course, it depends on the outcome of the trial.

  The scene of the trial.

  A solemn and solemn one!

  The first national emblem hangs high, and the judge sits in jeopardy, unsmiling.

  Below, on the left and right tables, are the plaintiff Zhang Tao and his defense lawyer, and the defendant Kong Wei and his defense lawyer.

  This is the first time Xia Jingxing has seen Kong Wei. He is not tall, wears a pair of gold-rimmed glasses, white and clean, gentle, with thick eyebrows and big eyes. He doesn't look like that kind of bad guy.

  This former vice president of UT Starcom is a senior talent invited to join by Zhang Tao after visiting thatched cottage.

  Now because of the interests and the chess players behind the game, the two sides are in court.

   Hearing the gaze from the audience, Kong Wei glanced at Xia Jingxing who was sitting in the front row, his gaze was cold, with faint hatred.

  He looked away and looked at Zhang Fan on the other side of the front row. The latter nodded slightly at him with encouragement in his eyes.

  Sitting with Zhang Fan and several other Duoduo Dianping founders, they all threw their fists to cheer Kong Wei on stage.

  Xia Jingxing gave Zhang Fan a glance, and the corners of his mouth raised. Later, I will see if you are so calm.

  Zhang Fan turned his head and looked at Xia Jingxing coldly, then retracted his gaze and looked straight ahead without squinting.

  He is also supporting himself, the situation has become more and more passive, but it is impossible for him to surrender.

  Because of the surrender, the result is the same.

  There are also many media reporters present today, all sitting in the audience.

  Because the trial is open, they have been authorized by the court to set up long and short cannons, just like recording important meetings and celebrations.

  After the trial, the lawyers of the two parties began to fight and defend each other.

  Xia Jingxing was a little drowsy listening to various circumstantial legal terms and professional jargon.

   Had it not been for the purpose of raising topicality and completely nailing Sequoia, he would not have planned to appear in court in person.

   But since he is already an enemy, naturally he can't give the enemy any chance to breathe.

  It is advisable to chase the remaining brave after the poor, but not to be famous and learn the king!

  The blood and tears of the predecessors told him that he is not a dead opponent, not a good opponent.

  I took a nap for a while, and the trial of the case gradually reached a climax.

  Dianping submitted various evidences, including the non-compete agreement signed by Kong Wei and others, and the bank transfer record of 500,000 US dollars...

  Kong Wei and Duoduo commented that one side naturally did not recognize it, and the shouts were all coercion, but they could not produce evidence of coercion.

  The court is about evidence!

  The balance of victory gradually tilted towards the public comment.

  Then, the attorney representing the plaintiff began to show various reputation and economic losses assessed by Dianping.

  It also proposed to refund the non-competition compensation, claim the same amount of liquidated damages, and compensate other various economic and reputation losses, totaling 8 million yuan!

  Like Dianping, the defense attorney of Duoduodian is also a well-known case invited by Sequoia with a lot of money.

  But a clever woman can’t afford to cook without rice. Duoduo commented that one party could not provide evidence of coercion. Naturally, it would be difficult to overturn the non-competition agreement. Although this big case worked hard to defend, he could only lose a little bit.

  As the wooden hammer struck, the judge began to pronounce the verdict: the plaintiff Dianping won, and it was judged that the defendant Dianping would return the compensation, compensate Dianping’s liquidated damages and various economic losses, totaling 8 million yuan.

  The 8 million is the data obtained by the court after assessing the specific economic losses of Dianping and the compensation for competition restriction obtained by Kong Wei and others in Dianping. It is very well-founded.

  Dianping is a very chicken thief. The $500,000 that it paid, called the equity repurchase, was in fact most of the compensation for the restriction of competition.

   makes the whole thing procedurally speaking, there is no problem at all.

Because according to the formal procedures, a two-year non-competition period is agreed. Within these two years, the original company will have to pay 24 months of salary, that is, non-competition compensation, and the minimum monthly compensation should not be lower than the monthly average during the period of employment. 30% of the salary, there is no upper limit!

  Otherwise, it would be unfair. If people don’t work for two years, what else can they use to support themselves?

  Fu Jixun is an investment veteran, and he will not make low-level mistakes in this.

   Set a high level of compensation for the restriction of competition. Similarly, the liquidated damages are not low, which is the same amount as the compensation for restriction of competition.

  Because in principle, liquidated damages cannot exceed 10-20 times the monthly salary!

  But Fu Jixun gave Sao another hand, and directly distributed 3.8 million yuan in compensation for competition restriction to the other four founders, which is equivalent to nearly 40,000 yuan per person per month.

  This is higher than the salary of four people when they work at Dianping. Similarly, when making a claim, it is very reasonable to claim a compensation of 3.8 million yuan!

  The court finally accepted and supported this claim!

  If the liquidated damages are set too exaggerated, tens of millions of yuan, hundreds of millions of yuan, even if the lawsuit is won, the court will not support it.

  Refund of 3.8 million yuan of non-competition compensation, compensation for the same amount of liquidated damages, which is 3.8 million yuan, plus other types of economic losses, a total of 8 million yuan.

  Fu Jixun has already counted, Sequoia’s $1 million angel investment is just enough to fill the hole, it is perfect!

  On this matter, the only thing that can be criticized is the share repurchase price.

   was repurchased based on the valuation of Dianping before it obtained financing, at a valuation of 1 million yuan, and repurchased 20% of the shares at a cost of only 200,000 yuan.

  This is also a knife that kills people without seeing blood. In the hands of the boss, it depends on the boss's heart.

Employee resignation triggers equity and option repurchase agreements. The black-hearted boss can initiate an "ambush agreement" to repurchase at the valuation of the previous round of financing, or repurchase at a fixed price per share, but the number of shares is OK. The operating space is too large.

  But even if it is 200,000 yuan to repurchase shares, there is an agreement to support it, and the whole thing cannot be picked up in the procedure.

  When Kong Wei and the others signed the agreement, they didn’t think so much at all. They thought that they would add up to 500,000 U.S. dollars, and they would be paid in one lump sum. The total amount should be enough, regardless of the name used.

  Later, Zhang Fan encouraged a few people to copy and start a business again, and they did not expect that there was a "dark hand" waiting for them.

  At this moment, the verdict was pronounced. Kong Wei and several co-founders of the audience realized that there was a big hole for himself and others.

  Zhang Fan's face was green, because he originally thought that the 500,000 US dollars was the share repurchase.

  It wasn't until both parties were about to fight a lawsuit that he slowly understood that the prohibition of competition and liquidated damages were so high.

  A total of 8 million yuan was paid, which almost paid out Duoduodian’s entire company.

  The trial ended, and reporters and audience members left the scene one after another.

  Zhang Fan sat in the original seat and waited until Kong Wei walked down from the trial table before he stood up with several other co-founders of Duoduodian.

  On the other side, Xia Jingxing and Fu Jixun both got up, smiled and greeted Zhang Tao who had won the battle, and also thanked the defense lawyer.

Seeing the beaming over there, the one on his own side was like a bereaved concubine, Zhang Fan's heart burst into flames, he glared at Xia Jingxing, and said coldly: "Don't get too proud of it, we will appeal. Even if we win, what will happen? , Is 8 million a lot?"

  Said something cruel, Zhang Fan felt better at once, and walked away proudly with a group of people, as if they were the winner.

  Xia Jingxing and Fu Jixun looked at each other, and both shook their heads and laughed. Do they care about the mere 8 million compensation?

  Obviously not!

  (End of this chapter)