Elite Pharmaceuticals Inc (ELTP): I’ll take a stab at it. There are such t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: mrwrn2010 post# 341110

Tuesday, 08/11/2020 11:32:32 AM

Tuesday, August 11, 2020 11:32:32 AM

I’ll take a stab at it. There are such things as frivolous lawsuits -
...

Who would cover Elite’s legal fees in the event of a suit over generic opioids or any other baseless claim, even if the suit ultimately had no merit?

Frivolous lawsuits are a cost of doing business. Elite has business insurance for this. They have in-house counsel to help them make decisions so they stay on the legal side. Doctors expect to get sued, yet we still practice medicine. Businesses expect to get sued, yet they still operate. Fear of frivolous lawsuits is a minor consideration in business operations, and it should not cause major shifts in development plans.

Occam's razor: the simplest solution is most likely the right one.

Hanlon's razor: never attribute to malice that which is adequately explained by stupidity.

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