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Thursday, July 16, 2020 5:34:00 PM
The plaintiff could also have filed again, as the case was dismissed with a long opinion about their failed case, but without prejudice...Plaintiffs did not file again.
There was no evidence and they would have definitely filed again if there were a hint, that anyone believed that PFS had failed and the company was lying. All they needed was a hint or whiff that there was a real controversy on this point. There was none and they decided not to file again. That was their choice. Instead, they went to the SEC, I believe, and the SEC investigated thoroughly. But nothing came of these specific allegations. I doubt that any stone was left unturned in efforts at discovering an evidentiary basis to such claims by the end of all of this noise.
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