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I need to clarify some information in the

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Enterprising Investor Member Level  Tuesday, 06/13/17 07:16:41 PM
Re: Enterprising Investor post# 290
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I need to clarify some information in the litigation table that would make calculations based on percentages of the claim amount somewhat erroneous. It would also be my fault.

The claim amounts represent the amounts sought in the initial filing. The Court eliminated some counts in earlier cases, which reduced claim amounts in subsequent cases. For example, the original claim for JPM was $1.9 billion, but was reduced down to $1.3 billion.

One example is the case against RBC Capital Markets LLC. The initial claim was $35 Million. I have no idea what the revised claim was. However, judgment was entered in the amount of $26,259,118 plus prejudgment interest at the rate of nine 9% from 8/14/07 through the date of judgment (the total amount of the Judgment with pre-judgment interest totaled $45,256,330.87, inclusive of $18,997,212.87 in interest). I believe this was the full amount sought.

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