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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
TechKleiner Perkins

Ellen Pao may have to pay up big to cover Kleiner Perkins’ trial costs

By
Kia Kokalitcheva
Kia Kokalitcheva
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By
Kia Kokalitcheva
Kia Kokalitcheva
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June 17, 2015, 7:27 PM ET
Ellen Pao walks to San Francisco Superior Court in San Francisco
Ellen Pao walks to San Francisco Superior Court in San Francisco, California March 3, 2015. Pao, a former partner at prominent Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers, is seeking $16 million for discrimination and retaliation in a lawsuit against the firm, a Kleiner attorney said earlier this month. Kleiner has denied the accusations of discrimination and retaliation, along with accusations that it did not take reasonable steps to prevent discrimination. REUTERS/Robert Galbraith (UNITED STATES - Tags: BUSINESS LAW SCIENCE TECHNOLOGY) - RTR4RX3KPhotograph by Robert Galbraith — Reuters

Nearly three months after losing a discrimination case against investment firm Kleiner Perkins, and a back-and-forth on who will foot the trial bill, Ellen Pao will likely have to pay more than $275,000 to cover her adversary’s legal expenses.

On Wednesday afternoon, San Francisco Superior Court Judge Harold Kahn issued a tentative ruling that ordered Pao to reimburse the high-profile venture capital firm nearly $275,967 for some of the costs it incurred while successfully defending itself against her lawsuit. Pao, a former venture capitalist at the firm, had accused Kleiner Perkins gender bias and retaliating against her for speaking out.

She ultimately lost the case, but she succeeded in sparking a wide-ranging discussion about gender bias and the lack of women at many Silicon Valley companies.

Kahn wrote that while Pao, who is currently interim CEO for the online forum Reddit, does have significant financial resources, she doesn’t have enough money to cover the full $864,680 Kleiner Perkins had sought. The firm had originally asked for $973,000, including the expert fees, before reducing the amount.

The judge has scheduled a hearing Thursday to finalize the matter.

Following the tentative ruling, Kleiner spokeswoman Christina Lee issued the following statement referencing her firm’s efforts to settle the lawsuit for $1 million before the trial:

We’re pleased the court has reached a fair result. This tentative ruling recognizes that our settlement offer was reasonable and made in good faith. It also recognizes the cost rules still apply when a plaintiff refuses a reasonable settlement offer and forces the parties to go through an expensive trial.

Earlier this month, Pao filed paperwork to appeal the decision in her case. But she has said that she will drop it if Kleiner agrees to pay her $2.7 million.

 

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