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Re: db7 post# 206

Sunday, 05/01/2022 1:15:33 AM

Sunday, May 01, 2022 1:15:33 AM

Post# of 246
Exactly! The SEC Order mention 3 guilty parties.

The Taube brothers + Medley Management.

The brothers settled.

That leaves the D&O.

The question is is the SEC basically done with their portion of the case? ..or do they have more work to do?? I guess we'll know if they drop their claim. But even if they do does that mean the D&O are off the hook?? I honestly don't know but knowing the brothers settled I don't see how they could come out of this unscathed.

It turned out that the SEC was the bondholders friend in this case and they directed that the entire disgorgment of $10M be paid to the Bondholders. That was not a sure thing in my mind. This thing could have gone completely down a different path in the form of fines...which would have gone to the SEC....but I was relieved and delighted to see them designate the amount exclusively to the bondholders. With that said I don't know if that will hold true if any further "recoveries" are made??

The currency of TIME.