re: stages 1 & 2 (Ignore & Deny) they wouldn't have to contend with stages 3 ~ 9 Delay > Defend > Bargain > Anger > Admit > Borrow > Negotiate ...if they ONLY ACCEPTED (stage 10) the serious threat at day 1 ?!!
what baffles me is "how can these multimillion ~ billion dollar corporations find themselves in these situations ? smart enough to amass fortunes, but dumb enough to underestimate a formidable loss ? chanbond pervaded directly/indirectly 4 pages of their Form 10-Q ? who would hire 2nd string lawyers with this premise ? cuz their 10-Q clearly specifies they are seriously concerned.. .I'm confounded
yesterday's Long term post #80058 The defendant hired a second-string set of lawyers to get them this fair….possibly because they knew that the case would be deconsolidated so let’s go on the cheap hire second string representation. Well second string was incompetent to the point the didn’t recognize the importance of the Teece offer (u get what u pay for)
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