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Not beyond the protective orders it won't. This fishing trip talk is coming from people whose professional lives are in areas of than complex discovery.
Please stop this, it's the legal equivalent of, "UCLA uses a different vaccine."
Good protective orders go far. Good lawyers get good protective orders. You think Citadel hires schmucks? This notion running around here that the defendants are going to beg for mercy is strikingly naive. These entities are not frightened by NWBO.
I believe NWBO probably has the evidence they need or they would not have filed, but this "slam dunk" thinking needs to be put to bed. A Plaintiff must have every necessary thing, but all a Defendant needs is enough doubt regarding any one relevant item.
I mean no offense to you, but newcomers are going to get the wrong idea of how an action of this scale proceeds in real life if people tell them this is either fast or easy.
Best
We will go through discovery and there will be 56 Motions. The protective orders will guarantee there will be no fishing trip even if we are successful.
Who is "us"?
I'm not paid.
I don't understand why people think NWBO was going to shake off decades of assassinating, malevolent press, the legacy of a lawsuit brought by an insider and financial industry titan, resolved SEC issues, all with a couple of good PRs.
That's not going to happen. EVERYTHING must be the hard way with that kind of baggage.
To use a playful military analogy, it's like a bunch of really sharp, smart, good looking dudes heading Colorado Springs got on the wrong bus and ended up at Parris Island.
They were also "considering" litigation, iirc.
I enjoy their contributions as well, but some people are holding up the prognosticators as something special, and it's bad. Given the intensity of the situation with Post-JAMA, domestic media silence, upcoming ASM, potentially increased AS's, awatied MHRA action, need I go on - well, the idolatry (not saying you in particular) should be seen through by mildly sophisticated people.
I am 100% certain that those are awesome guys. Well I am too, but none of us are going to determine what really matters here. Eyes on the prize, only. RA approval.
More importantly, who gives a ____? They are not the RA's and that, like it or not, is all that matters now.
It's almost like someone else is going to go ham with it...
Respectfully, there will be no successful "cancer victims class action" against anyone based on delayed approval.
Maybe I am too optimistic, but I read his commentary as Approve, Monitor, and Report for rGBM now.
Respectfully, I think everyone is reading the Stupp article with too many negative assumptions built in. Competing KOL's aren't likely to slap you on the back no matter how good you are, and this was far from deal breaking disagreement.
Agreed. Stupp seems to support collection of PIV data!
Water is wet and KOL's will fight over little things. Focus on the big picture everyone.
"90%...were double dosed." With grapefruit juice? A treatment lacking efficacy? Or it's just so confounded, gosh darn it, they'll never know nothing?
Forget that weasel. Who have you seen in the press more, Liau & Ashkan or this guy who a bunch longs didn't even know was a practitioner?
I think we have a meeting bc we still exist and need it done. My bet is that we are now too valuable to buy and partnerships are the only game left in town.
That's quite a scenario you've laid out there.
The GIANTS have been caught red handed with LIBOR manipulation/gold manipulation both major illegal acts with extraordinarily large damages to the public (with LIBOR-perhaps incalculable). Wonder if those entities are still around and at it today....well what do you know.
That's just the easy examples.
Hi Doc, to steal from the medical community, my opinions are just based a "horses not zebras" thinking as to how this could play out in the real world. *It is not lost on me that nothing about NWBO is a horse as opposed to a zebra. Ha*
Are you talking about personal liability of the defendants' management and their BODs? If so, it is not difficult for me to imagine many scenarios where a good defense muddies the water enough to make piercing for common law unlikely. In complete candor however, my prior life was not spent in securities litigation so there could be a specific statutory/regulatory provision for liability penetrating the corporate form that I am unaware of. I have no problem being wrong, so if anyone can point to such a provision, please do. Without such, my bet is some flunky gets some individual liability and the entity takes a respectable hit.
So I don't think Kenny G is or will be losing a wink of sleep because of the legal system. (Karma-well...)
I did post something yesterday that was accurate but not stated most articulately: the merits of this will be addressed relatively quickly but only cursorily upon via the request for injunctive relief. The expected forthcoming supporting motions and memos, should be good but due to the fact the defendant does have time to present a full defense, it's designed to be a pretty limited event.
Best
I am sure she will be competent for the task. But no, Citadel's lawyers don't "get eaten".
The science is one thing, the business is one thing, but the litigation is another.
Could not agree more.
This is my 2 cent opinion based on no more information than any other John Doe in the world: if the allegations are true, it would seem most likely that some lower level d*psh*ts have been taking side money for the alleged tortious actions and it's not like there is some structural entity to love us now when they used to hate us. Just the bad actors can stop and maybe damages can be recouped. Again, it's worth what you paid for it.
Again, it's a big market. If the allegations are true, why would NWBO be the first or last victim?
But if they are true, well, I wouldn't keep at it. Ha!
My comments have nothing to do with buying or selling, and this litigation has no bearing on my personal investment thesis. Some people seem are presenting the cause as a slam dunk, but even if the merits are, they are only one half of herding complex litigation to completion. Our lawyers are top rate, but so are those on the other side.
Again, I said nothing about the merits of the case-in fact, I explicitly stated "I believe we have the evidence."
And yes, our lawyers will use the rules as well as possible I fully trust. But do you have any idea how long the depositions alone will take? A second year law student could drag them alone for well over 18 months - then you add - if you believe the threat of damages is as high purported around here - literally 100+ of the top defense litigators in the country to fight this? Okay, I still think we win. 2025. *Edit-pie in the sky timeline. 2029 more likely.
Also, I'm not even talking unscrupulous, unethical behavior, but just the reality of moving a case this size and consequential.
*And since now all the defense firms have been contracted - I am sure - to track all the messages boards, HI GUYS!*
I said nothing about success on the merits-you fail to comprehend my post.
Crash, you are correct they do not own judges, federal or state. But if you think a judge will get to do a substantive job on the merits of the causes presented in short order (aside from dismissing the obligatory 12b6), you likely have never been involved.
Reality Check: Citadel and Virtu, and do not pay an incomprehensible amount of money into lobbying and other influence games only to fear "criminal charges" like you or I may. Much less are they scared of lawsuit from an entity the size of NWBO. Again, I believe we have the evidence, but the underestimation of the opposition here is unsettling.
Years. An army of defense lawyers will add years to this.
As for damages? TBD. Don't want to limit yourself in the Complaint.
GL
Virtu and Citadel roll over to no one, so we're a looong way from talking settlement.
I trust we have the evidence, but if you think this is settlement talks time, just go ask anyone who has done any complex litigation if their armies of defense lawyers can't drag out a lengthy defense.
Cherry, my personal belief is it will dissuade them from abusing *us*. It's a big market...
Yes. Well informing these groups could be a very beneficial move.
He's an inconsequential weasel.
Enjoy your horror movies cel.
A post worthy of revisiting.
You clearly believe some other management team could have done a better job. Your right.
When you find another who brings out a PIII GBM or DIPG trial, I am all in. Point me to them.
Can someone find me the *other* management team that has a brought an efficacious gbm therapy through a successful PIII?
Sorry you took it all that way. Wasn't the intention.
I hope the SP moves today, Grip. Truly.
Best.