Moatable Inc ADR (MTBLY)

[downthehatch]

Another interesting factoid:
At the hearing, when the judge made his ruling, I noted that the Plaintiff's lawyer, Mr. Reid stated there was no law to support the judge's ruling.

He has filed a notice of appeal.

Notice that in the judge's written ruling, filed on 12/31, the judge does not cite any cases to support his ruling.

Like Reid said, there is no law to support the ruling. If there was, the judge would certainly have cited it in his ruling.

I believe the reason the stock keeps moving slowly upward is that as people look into this, they see that the settlement will likely be approved on appeal, and thus the old $25/share value from that settlement is still likely to accrue to owners.