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  1. #1
    Join Date
    Jan 2006
    Location
    Marin County CA
    Posts
    5,936
    On the legal fee thing - most defense type firms are already billing at rates that barely allow a profit margin when you consider the expenses of running a law firm. They are NOT billing at the same rates per hour as the firm Specialized is using is - far from it. I can assure you based on my friends' experience being sued by Specialized that the Specialized lawyers will bury you in work you must respond to. Even a prudent defense lawyer (which I used to be) would have a hard time keeping the total tab under 150k with all of that facing you. You can only cut so much before you run a risk of blowing something because you cut too much.

    My friends spent their entire retirement savings defending the Specialized lawsuit. It nearly put the company out of business.

    Specialized is really Armstrong-esque in its tactics.
    Sarah

    When it's easy, ride hard; when it's hard, ride easy.


    2011 Volagi Liscio
    2010 Pegoretti Love #3 "Manovelo"
    2011 Mercian Vincitore Special
    2003 Eddy Merckx Team SC - stolen
    2001 Colnago Ovalmaster Stars and Stripes

  2. #2
    Join Date
    Nov 2007
    Location
    Western Canada-prairies, mountain & ocean
    Posts
    6,984
    Hey thx, maillotpois!

    Quote Originally Posted by maillotpois View Post
    On the legal fee thing - most defense type firms are already billing at rates that barely allow a profit margin when you consider the expenses of running a law firm. They are NOT billing at the same rates per hour as the firm Specialized is using is - far from it. I can assure you based on my friends' experience being sued by Specialized that the Specialized lawyers will bury you in work you must respond to. Even a prudent defense lawyer (which I used to be) would have a hard time keeping the total tab under 150k with all of that facing you. You can only cut so much before you run a risk of blowing something because you cut too much.

    My friends spent their entire retirement savings defending the Specialized lawsuit. It nearly put the company out of business.

    Specialized is really Armstrong-esque in its tactics.
    My Personal blog on cycling & other favourite passions.
    遙知馬力日久見人心 Over a long distance, you learn about the strength of your horse; over a long period of time, you get to know what’s in a person’s heart.

  3. #3
    Join Date
    Mar 2007
    Location
    Troutdale, OR
    Posts
    2,600
    Thanks Irulan for the link. And yes, spread the word buy something else. And when we do, let LBS know why you bought something else. It'll show up in the bottom line.

  4. #4
    Join Date
    Nov 2002
    Location
    the dry side
    Posts
    4,365
    2015 Liv Intrigue 2
    Pro Mongoose Titanium Singlespeed
    2012 Trek Madone 4.6 Compact SRAM

  5. #5
    Join Date
    Dec 2006
    Location
    Columbia River Gorge
    Posts
    3,565
    Irulan, love the letter you posted! Thank you.

    As for the FB page, this just keeps getting better and better.
    Living life like there's no tomorrow.

    http://gorgebikefitter.com/


    2007 Look Dura Ace
    2010 Custom Tonic cross with discs, SRAM
    2012 Moots YBB 2 x 10 Shimano XTR
    2014 Soma B-Side SS

  6. #6
    Join Date
    Nov 2007
    Location
    Western Canada-prairies, mountain & ocean
    Posts
    6,984
    Today's news article and further developments (or global world response):
    http://blogs.calgaryherald.com/2013/...t-specialized/
    My Personal blog on cycling & other favourite passions.
    遙知馬力日久見人心 Over a long distance, you learn about the strength of your horse; over a long period of time, you get to know what’s in a person’s heart.

  7. #7
    Join Date
    Nov 2002
    Location
    the dry side
    Posts
    4,365
    Quote Originally Posted by Wahine View Post
    Irulan, love the letter you posted! Thank you.

    As for the FB page, this just keeps getting better and better.
    the cycling blogosphere is going nuts with this one. ....Must get away from internet and try to get some work done today....I really want to just grab a bag of popcorn and watch the show.
    2015 Liv Intrigue 2
    Pro Mongoose Titanium Singlespeed
    2012 Trek Madone 4.6 Compact SRAM

  8. #8
    Join Date
    Nov 2002
    Location
    the dry side
    Posts
    4,365
    latest word on twitter is that Specialized might be making statement later today.
    2015 Liv Intrigue 2
    Pro Mongoose Titanium Singlespeed
    2012 Trek Madone 4.6 Compact SRAM

 

 

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