Friday, October 21, 2022 9:45:21 AM
I see quite the opposite. Even if we lose Lamberth we FINALLY have clarity on why the NWS occured and I think much clearer legal arguments for takings (among others). Absolutely amazing that no consideration was given to shareholder interests at the time of the NWS. DeMarco's behavior apalls me and I imagine others will feel similarly -- which may help turn the tide.
Many JPS, for example, are already trading at or near what any (reduced) Lamberth damage awards would be and continue to retain optionality in any eventual restructuring -- the latter point probably limiting JPS downside in the event of a Lamberth loss. Commons seem to have more upside/downside.
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