This is a very interesting story. In my reading of the many depositions it's clear that Cowan has a huge problem. Cowan was a paperless organization and acquired the firm that provided services to TAUG. The acquired firm lived in paper. With the paper system they were always on top of things. When all the documents got converted to electronic that's when things started falling apart. Taking the time to read the depositions it's clear that important data got lost in the transition. That's where this story begins for the allegations of malpractice. Cowan's actions after the conversion just made things worse. I'd love to be a fly in the courtroom when Cowan is asked about that!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.