It’s a company you’ve heard of. Multinational. Publicly traded. Hundreds of billions of dollars in market cap.
Wonder if legal action would get them to pay up faster. Contract is breached. Once legal gets the letter, then it gets escalated internally.
Companies like this tend to just pay up (especially when wrong) rather than spend 10X in lawyer billables fighting/arguing it in court and getting their reputation dragged through the mud (bad optics such as “multibillion dollar company is stiffing vendors, who’s next? Possible bad quarter?” Then automated traders recognize SELL signal and company stonk drops)
Comments
Wonder if legal action would get them to pay up faster. Contract is breached. Once legal gets the letter, then it gets escalated internally.
Companies like this tend to just pay up (especially when wrong) rather than spend 10X in lawyer billables fighting/arguing it in court and getting their reputation dragged through the mud (bad optics such as “multibillion dollar company is stiffing vendors, who’s next? Possible bad quarter?” Then automated traders recognize SELL signal and company stonk drops)