Federal judge has approved the $25 million payout for MoFi, finally.

[notsodeadlizard]

Audiophile label MoFi to cough up $25 million to settle fraud lawsuit

40,000 record buyers will be compensated after audiophile label Mobile Fidelity Sound Lab admitted misleading customers over "all analogue" releases that weren't

www.loudersound.com

 

[Elitzur–Vaidman]

They could have fought this and won IMO, but the reputational damage would have been far greater than $25mill

 

[egellings]

Nice to have the capability to cough up a cool 25 mill.

 

[fpitas]

Nice to have the capability to cough up a cool 25 mill.

Fraud pays well

 

[Rednaxela]

Especially audiophile fraud.

 

[TonyJZX]

$25 mil. / 40,000 = $625

i mean its something?

Mobfi are in the "Find Out" phase of the popular "FAFO' syndrome

 

[thecheapseats]

another chapter of... 'as the turntable turns'...

 

[Chrispy]

The whole digital/analog idiocy is captivating.

 

[egellings]

The whole digital/analog idiocy is captivating.

Once the speaker diaphragm launches the signal, it's analog, regardless of the signal's provenance.