If the judge finds a suit against zn to be frivolous he is likely to require the plaintiff to pay Zn's attorney fees and costs.
it wont require 5.3m to arrive at a summary judgement,which ,given the known facts thus far,is a possibility.
Plaintiffs are asking the court to find a tweet and an incomplete panda screenshot of a denied foia sec request,w sec reason for denial being an inconclusive non specific mention of enforcement proceedings,which could mean many things,to constitute legal notice to zn of sec proceedings against zn,which is insane.
Neither of those things come anywhere close to legal notice of proceedings!!!!
A legal notice of proceedings is an official presentation to ZN by SEC of such. Zn received notice of a fact finding inquiry in june. A very basic element of the law is to allow any defendant 20 days to respond to such notice,as ZN did to the sec, and separately to investors via the july 11 filing.
the case against zn seems to revolve around that issue- a trial court cannot set a landmark precedent re such legal notice-a trial court is bound by the systemic rules of notice prevailing at the time zn received official notice from the sec.
if a landmark change on what constitutes legal notice
is made it has to be made by a high court and codified into the court rules and fifty states legislative statutes- any such landmark change cannot be made retroactive!!
so the plaintiffs are really reaching-they cannot expect to win on the facts,which is why they demanded a jury trial,so they could bull/manipulate a jury via an emotional presentation
but such is not likely to mean anything even if their manipulation of a jury were to work,because the jury cannot violate the rules of law presented by the judge to the jury,and if the jury does violate those rules of law the judge is bound to disregard the jury 'verdict' -make such null and void.
ambulance chasers only care about the money and the name they make for themselves on the wild frontiers.
Re the continuous pronouncements of doom without any facts to back them up, i refer you to post 29100.
the exploratory well,still in the infancy of flow testing,with at least 5 primary zones to flow test still,has discovered the elements required for an active petroleum system.
kyoil said he'd never seen a situation w 2 of the 3 elements here turn out to be a dry hole
ZN continues w the scientific discovery process to locate the oil field
Multiple persons also have evidence ignored by the world of an oil field.
As tisdal says, this is an exploratory well,whose primary purpose,like all exploratory wells is to locate an oil field.
Once that is done,zn's statements-the subject of a lawsuit-are justified in fact.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
