Financing

From Internet Court of Lies
Internet Court of Lies State Diagram

Revenue and Payouts

The Internet Court of Lies is a private court that seeks a fair return but also requires participation by Members. We believe it is important to be up front about the financial model.

Members pay in an amount which works out to be a monthly amount of money to pay for their Membership. This provides the Court with operation money which scales with the size of the Membership.

There are essentially two kinds of Suits, Individual Suits (which can also have a Counter Plaintiff) and Class Action Suits ("Class Suits") which can absorb any number of Individual Suits. The settled record of an Individual Suit can just become the settled record of a Class Action Suit if the individual suit becomes part of the class. This is an essential part of both the financial ability of the Court to pay participants in Suits and to speed adjudication.

A Member files a suit as a Plaintiff and pays a filing fee. Out of this fee, the Judge, Jurors, and Clerk may be paid. However, an Individual Suit may never reach the point where a Judge and Jury are put on the case, if a Plaintiff files and accepts a class. So, the Judge, Jury, and Clerk will not be paid much money if all there is to share is one Plaintiff's filing fee.

But, if an Individual Suit joins a class, and the class is large, then a considerable amount of money can pay the Judge, Jury, and Clerk. It is important to note that the Plaintiff in a given case is excluded from also being a Judge, Juror, or Clerk. Furthermore, candidate Judges, Jurors, and Clerks cannot chose the cases they are assigned to. Generally speaking, though, there is financial pressure to form classes. We believe this is generally beneficial to the overall purpose of the Internet Court of Lies in achieving the best possible results for what is, in fact, an enormous population of fiat lies on the Internet and other digital Media.

When a class is formed, the Judge, Jury, and Clerk, if any, of the Individual Suits is replaced with a Class Suit Judge, Jury, and Clerk. This way no individual suit is likely to continue with the same Judge, Jurors, or Clerk. But the Judge, Jurors, and Clerk will make much more money working in a trial. The Plaintiffs make nothing for their participation in a case they bring. However, for the filing fee they pay, they get a share of any license royalties that the court may make from the suit's verdict. This is not a lottery.

That said, a Plaintiff in one case may be a Judge, Juror, or Clerk in another. We are trying for a self-sustaining community where on average people will be paid for the efforts as contractors based on the significance of their work. Here, the assumption is that a class suit is, by the fact that it has many Plaintiffs, is more significant.

The settlement records produced by a case are the property of the Court and are licensed to prospective users of those records by social media or other Internet services. This is another source of revenue. If a single Individual case yields a record that is chosen a lot, then even a single individual case may generate significant revenue. A Class which is composed of Individual cases sharing the same record may also generate significant revenue that is shared. This too will not pay plaintiffs, but participants that played active roles as Judges, Jurors, and Clerks.

Suits have active phases (trials) and settled phases where the only activity is to determine if a case is to be reopened based on new evidence.

So, generally, it pays a Plaintiff to find an important fiat lie, get his case admitted to a class.