The brokers have a good defense in that 3rd party fraud caused the counterfeit shares to be approved for trading. Also, the brokers were repeatedly told by the DTC that all shares can be accounted for. In fact, the brokers have a good legal case to go after the DTC for the money the brokers have spent on legal fees.
Only the DTC knows why those shares were cleared originally.
Finally, they do want to fix this, however, never ever at the scam prices Megas thinks they wanted. $1 per share will never happen. In fact, I guarantee the Mintz case gets obliterated by the DTC due to Megas and Sytner's fraud and lies.
No judge is going to issue huge damages on a scam pinky stinky with zero operations, zero revenues, and a history of lies and fraud. Plus, normally, no one settles until their insurance and bonding approves what they are willing to pay out....unless...there is another incentive that would make settling now a better choice.
The DTC was offered something they never had before...and it's worth settling now.
