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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: i-node who wrote (2587)6/23/2006 7:39:38 AM
From: rrufff  Read Replies (2) of 3386
 
"could" (be dismissed) is a word that lawyer's often use until the funds run out. "Innocent until proven broke," can be applied to civil cases. The only major case in the news where the attorneys were thwarted in their drive to maximize their fees was ironically CBS vs. Howard Stern, and that was likely because of the extreme weakness of the CBS case and their settlement for basically nothing, the library obtained generally conceded to be worth much more than whatever consideration was paid.

I'm sure that XMSR legal team is telling them they have a great case now. In all likelihood, this will be a many year legal effort, with huge fees that will affect the XMSR bottom line. Add that to overhead time that is required for an already stressed management.

Further, add this to XMSR's other legal woes, with its myriad of investigations and you have the stage set for CFP moved back another year, with excuses being made for management.

I don't think anyone other than you would be surprised if this happens.
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