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Old 04-07-2008, 11:33 PM
ELA ELA is offline
Randwyck
 
Join Date: Oct 2006
Location: NY/NJ
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Quote:
Originally Posted by Kasept
George Bolton got out simply because of the risk of running the year v. the lucrative financial reward. Can't say about Sanan.

And the plaintiffs have NOT lost every motion they've filed. Expect Angela Ford back on ATR this week..
Steve, while I am not a practicing attorney and don't play one on TV or the internet, I can say that I've spoke with enough people who -- let's just say -- know enough about the case to speak to the issues. I certainly understand them from legal perspective. My "every motion" comment refers directly to the motions to compel to act. They have not won one. Yes, they have won a motion to produce documentation, be kept abreast of the status, etc. -- all hollow, meaningless victories in this situation. I would hope that whatever monies were attributable to the 20% interest in question -- purse monies -- those monies were "attachable" so to speak. Of course it's not that simple.

I don't think we will see the plaintiffs and their legal counsel be able to force a liquidation, or get their hands on the lever of control. Nor will we see them be able to obtain dollars attributable to anything over and above their 20%.

I would take everything said from either side's legal counsel -- with a grain of salt, not because of anything personal, but only because it's S.O.P.

I can understand that reasoning from Bolton. It makes all the sense in the world for some, many, etc. people. I don't know anything about Sanan and his decision as I said. However, I am not sure I see anything changing the direction of where this is going now.

Eric
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