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HighLevelInsider ago

Wrong Steven Jacobs. This is who you want:

http://www.businessinsider.fr/us/sheldon-adelson-steven-jacobs-lawsuit-2015-4/

Adelson likes to blackmail Chinese government officials in Macau:

https://calvinayre.com/2015/07/22/casino/beijing-feared-las-vegas-sands-was-cia-partner/

Factfinder2 ago

Adelson settled out of court for $75 million. https://www.legaluspokersites.com/news/las-vegas-sands-settles-steve-jacobs-wrongful-termination-lawsuit-with-75-million-payment/5605

From the article:
"Steven Pearlman, an attorney who handles whistleblower cases for the Proskauer Rose LLP law firm, said the $75 million to $100 million figure in the settlement is remarkable. Pearlman said cases usually are settled for a few million dollars, even when it involves executives. When asked to comment on the size of the payoff, Pearlman said, “To call it unusual is to put it mildly.”

Federal Investigator Shocked by the Payout

Others were more expressive in their surprise. One federal investigator, when told how much Steve Jacobs collected in the settlement, spoke an expletive."

HighLevelInsider ago

Let's start with his contract"Jacobs was hired to run Sands’ Macau gambling and hotel operations in May 2009 at an annual salary of $1.3 million plus bonuses under a three-year contract, the suit says." Total salary under the contract is $3.9 million.

Anyone familiar with contract law knows you're generally suing for the benefit of the contract ($3.9 million) and maybe a little extra (punitive damages) for your trouble. The US Supreme Court usually doesn't like punitive damages of more than a single digit multiplier of the regular damages. So, $39 million would be pretty extravagant for a jury award, not likely to hold up on appeal.

Apocalyptic worst-case scenario for Adelson is a $39 million judgment, but he settles for $75 million. Given the allegations (Jacobs wouldn't allow prostitutes to operate in the casinos, and China accusing Adelson of running sex blackmail operations), it becomes crystal clear that this is hush money.

Factfinder2 ago

Hush money without a doubt. I'm somewhat surprised that Jacobs didn't have a heart attack instead, though.