Dave,
Re your post 2618, I appreciate the work you have done so far. I do wonder something about the investment banking(IB) firm though. Is there any way to find out the name of the supposed defendant (the investment banking firm)? It would be interesting to me to learn the details of the "breach" that is the cause of the breach of conduct suit. I am fairly confident that this type of information would not be released by the firm to us upon advice from the company attorney. Maybe the lawyer types reading this thread could tell us whether or not the IB firm would be likely to counter sue. I would if I were the IB firm. From the standpoint of investors, I for one, have mixed feelings about a law suit. On the one hand, a $4 million win of MRPS against the firm would be very welcome. On the other hand, lawsuits never are easy. MRPS may or may not win. And, if MRPS does win, the awarded damages may not be $4 million. They could be more or less.
That would lead me toward considering arbitration. I do think you may be overstating in this post when you say, "It is a 'breach of contract' suit, so the IB firm will have to proof (sic)that they earned their 1.4 mil shares." IMO, lawsuits are not that straightforward. Otherwise, I enjoyed this post.
Vic |
