Judge orders ‘Fifty Shades of Grey’ money into an account

August 7, 2015 - Fifty Shades of Grey

A state district decider Friday systematic $10 million be deposited in a court-controlled comment to pledge there is sufficient income for a intensity endowment from a Fifty Shades of Grey trial over royalties.

What happened

State District Judge Susan McCoy had formerly systematic $10 million in income or investments be set aside in an investment comment to prove a jury outcome from progressing this year.

But when McCoy listened allegations doubt only how most income was in a fund, and if it was in income or hard-to-liquidate property, she motionless to close down a finances.

McCoy pronounced she was reduction endangered about allegations that income might be blank than that there will be “$10 million and or minus” to compensate a judgment.

“I don’t consider anyone is perplexing to censor a ball,” McCoy said. “No one has said, ‘Judge, don’t worry, there will be adequate income to prove a judgment.’”

The credentials

In February, a Tarrant County jury done Arlington proprietor Jennifer Pedroza 50 shades of happy.

Pedroza had sued, observant she was cheated out of royalties from a amorous New York Times bestseller by her Austrialian partner, Amanda Hayward. Pedroza, Hayward and dual other women operated a e-publishing business that creatively distributed a general bestseller.

Records on a royalties have been sealed. But during a conference and during justice hearings it was emitted that a volume in doubt could be adult to $40 million and that Pedroza, underneath a partnership agreement, would be entitled to 25 percent of a $40 million.

The jury didn’t set a dollar volume to be awarded to Pedroza. McCoy systematic an accounting of a resources to establish how most Pedroza would be paid. That accounting is now complete, and during Friday’s conference an profession for Hayward pronounced “they aren’t that distant off,” in a final number.

What’s next

At a conference Aug. 26, McCoy will establish a volume to be paid Pedroza. On Friday, a decider pronounced she wanted a income to be permitted in a court-controlled comment dual days later.

Max B. Baker, 817-390-7714

Twitter: @MaxbakerBB

source ⦿ http://www.star-telegram.com/news/local/article30435966.html

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