The woman behind a high-profile gender discrimination lawsuit against a Silicon Valley venture capital firm demanded $2.7 million not to appeal the jury verdict against her, the firm said Friday.
Attorneys for Kleiner Perkins Caufield & Byers included the figure in court documents filed in San Francisco Superior Court against Ellen Pao, and a spokeswoman for the company said Pao sought the money in exchange for not appealing.
"We have no intention of accepting this unreasonable demand," the spokeswoman, Christina Lee, said.
Heather Wilson, a spokeswoman for Pao, declined comment on Friday's court filing or statement by Kleiner Perkins.
Pao filed a notice this week that she was appealing the March verdict, in which a jury found Kleiner Perkins did not discriminate or retaliate against Pao.
The case became a flashpoint in an ongoing discussion about gender inequity at elite technology and venture capital firms, where women are grossly underrepresented.
During the trial, Kleiner Perkins attorney Lynne Hermle tried to portray Pao as someone just interested in money. She said Pao failed as an investor at the company and sued to get a big payout as she was being shown the door. Pao is now interim CEO of the Internet discussion forum Reddit.
Pao's attorneys said she was an accomplished junior partner who was passed over for a promotion because the firm used different standards to judge men and women, and that she was fired when she complained about discrimination.
Pao told jurors that her lawsuit was intended in part to create equal opportunities for women in the venture capital sector.
Kleiner Perkins is seeking more than $970,000 in legal costs from Pao. It had said it would waive all costs if Pao did not pursue an appeal.
Kleiner Perkins defended the costs in Friday's filing against Pao's claims that they were improper and excessive.
Avid completes acquisition of Wolftech
Avid®, known for software solutions for professional media production, has completed the acquisition of Wolftech Broadcast Solutions, a leader in cloud-based multiplatform news planning, production and publishing solutions.
The acquisition enables Avid to combine its digital-first, end-to-end media solution with Wolftech’s expertise in story-centric workflow management. News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.
Avid CEO Wellford Dillard stated, “Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”
Wolftech CEO Arne Berven added, “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”
The closing of the acquisition follows Avid’s announcement on October 7 that the company had entered into a definitive agreement to acquire Wolftech.
With this acquisition, Avid deepens the integration between the two toolsets while continuing to embrace an open approach in partnering with a wide range of media production tools and newsroom systems. Existing Wolftech customers will benefit from Avid’s global scale for customer support and professional services.
Ian Axton, head of production operations for ITV News, said, “As a customer of both Avid and Wolftech we’re excited about the benefits this acquisition will bring to our users and our business. Wolftech has transformed... Read More