Media Mention
Elon Musk’s Lawsuit Could Cost OpenAI More Than $1 Billion
The Information
Litigation Partner Ira Steinberg shared his insights with The Information regarding the possible outcome of Elon Musk's federal lawsuit against OpenAI.
Excerpts:
However, that would be an aggressive remedy for the court to award, said Ira Steinberg, a partner at Los Angeles–based law firm Greenberg Glusker who specializes in companies’ disputes over technology. That kind of remedy is typically for instances when regular damages, in this case compensating Musk for his losses, would be inadequate, he said. It’s more likely the court would require OpenAI to return the amount Musk donated, he said.
The court could additionally award Musk punitive damages to punish OpenAI for bad behavior, but they would not exceed nine times the other damages, and a multiple that high would be unlikely, said Steinberg.
