For tax reasons, it would likely make sense to funnel donations from a US corporation to the US organization. So EV UK not receiving any money directly wouldn’t surprise me at all. The US org could presumably re-grant it to the UK org if needed, following the usual rules for international grantmaking by 501(c)(3)s.
Good catch! Yes, that’s a notice of proposed settlement. At that dollar value, the parties have to give notice of the proposed settlement (but not a copy thereof) and a short period for anyone to object. If no one does, they can execute the settlement—I believe without further public notice.
Here, it looks like the proposed settlement is for about 90 percent of the high end of the potential claim value listed.
EV US just signed this; EV UK is a separate legal entity and presumably is not party to this agreement. But perhaps EV UK never received any money?
For tax reasons, it would likely make sense to funnel donations from a US corporation to the US organization. So EV UK not receiving any money directly wouldn’t surprise me at all. The US org could presumably re-grant it to the UK org if needed, following the usual rules for international grantmaking by 501(c)(3)s.
I have no idea what to make of this legal speak, but just the next memo (number 3746) mentions EV UK and some settlement for $4MM
If anyone can explain what this means that would be great
Good catch! Yes, that’s a notice of proposed settlement. At that dollar value, the parties have to give notice of the proposed settlement (but not a copy thereof) and a short period for anyone to object. If no one does, they can execute the settlement—I believe without further public notice.
Here, it looks like the proposed settlement is for about 90 percent of the high end of the potential claim value listed.