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Re: downthehatch post# 973

Wednesday, 10/13/2021 3:20:31 PM

Wednesday, October 13, 2021 3:20:31 PM

Post# of 1063
I have been digging around, in particular on Seeking Alpha, and the main reason why the stock is not trading higher is that in the version of the settlement published on the NY court website, the attorneys' fees were set at a maximum of 33% of the settlement amount, plus costs (page 61, point 6, second paragraph):

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=48WNUe//xXJs6bnjh0GyJQ==&system=prod

This percentage (which does not figure in the version filed with the SEC) has been taken by the investor community to mean that the actual fees will be 33%, translating into a payment per ADS of 25.8 minus costs and administrative fees.

The question is how probable a 100 MUSD attorneys' fee would be in this case?

Any views?