I find it interesting that the you, the "consultant", have been talking about settling more frequently
Most cases settle before trial. I think I told you my friend was in one for 100's of millions of dollars and it settled hours before the trial.
What would you take as a settlement? Berman stated 250k.. Dianne stated $400k I stated 3.5 million
Cowan will be destroyed at trial and there is an 80% chance of massive punitive damages. Nixon Peabody are great lawyers.
Personally, I would not settle this case unless I had a great M&A opportunity. In that scenario, TAUG shareholders could do very well. Especially the ones that averaged down.
Otherwise, I would go to trial and spin the dice. The only bad thing about a settlement and or a trial is all the time that was wasted because TAUG could have done M&A last year.
That's the reality of the legal sysyem...Delay and delay. Who knows, you may find yourself embroiled in expensive litigation some day..
Here is the docket: 10/11/2017 ATTENTION COUNSEL: The Final Pretrial Conference in this matter will be held on 11/8/2017 03:30 PM before Magistrate Judge Douglas E. Arpert (ce3) (Entered: 10/11/2017) 10/19/2017 Set/Reset Hearings: Jury Trial set for 11/14/2017 moved to 2/20/2018 at 10:00 AM in Trenton - Courtroom 4E before Judge Peter G. Sheridan. (dh, ) (Entered: 10/19/2017) 10/23/2017 Set/Reset Hearings: The Telephone Status Conference set for 10/23/2017 02:00 PM before Magistrate Judge Douglas E. Arpert has been adjourned and rescheduled for 11/8/2017 at 3:30 P.M. The Final Pretrial Conference has been adjourned. (ce3) (Entered: 10/23/2017) I wonder why they canceled a simple "status conference" yesterday? and adjourned the final pre-trial, without re-setting a date???
I think Seth is affiliated with much better companies now, including the one I introduced him to. 2 main products, one will be in 50k pharmacies by q2 and one is doing 30 percent increase in hospitals quarter to quarter
Not to mention his ties with Templeton, Citi and pfe.
Game Set Match TAUG.
2018 should be great
AND...of course....there is YOU TRYING TO WALK BACK THE "20 MILLION OR MORE" claim...LoL!!!
BTW...I am still WAITING for a LINK to any post where I said this...
Dianne stated $400k
IS THERE GOING TO BE A 8K ABOUT A SETTLEMENT SOON??? HOW MUCH DO YOU THINK WILL BE ACCEPTABLE FOR SHAREHOLDERS AFTER YOU >>>THE CONSULTANT<<< HAVE BEEN TOUTING "20 MILLION OR MORE" FOR OVER A YEAR???
If TAUG settled for 4 million that would be 1/5th of your claim. If they settled for 2 million that would be 1/10th of your claim. (and don't even start with the "with punitive" BS, BECAUSE YOU IMPLIED THAT WAS A GIVEN...)
Johnny_C Tuesday, 10/17/17 09:53:48 AM Re: skidoo31 post# 41676
Post # of 41953
I doubt there will be a settlement but you never know. I stated over a year ago that this case could be worth 20 million. This is a poster child case for punitive damages.
There are PLENTY of examples of this.
Johnny_C Monday, 10/16/17 12:48:30 AM Re: DrZem post# 41652
Post # of 41953
I don’t have to prove anything, it is in the filings when Cowan et al was the Auditor. 2 million dollars. Why don’t you show me in the rebuttals where this was disputed. Lol
If this goes to trial this is the poster child case for punitive damages and bad faith.
5 mil times 3 for starters. Plus, Don Cowan loses his license and the firm gets sanctioned. Should be a good lesson for all these small time auditors
So what can investors REALLY expect???
I am thinking it isn't anywhere NEAR "20 million or MORE", eh??? and are the Canadians going to be able to trade by the time the news comes out??? Cuz I sure wouldn't want them to miss the "BOOM".
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