Zerify Inc (ZRFY)

[brooklyn13]

Actually, it was Ropes and Gray that was the law firm that argued (very) poorly in front on the Appeals Court about the patent infringement. It's true, that BR represented them in other cases but they were all small potatoes in comparison.

Winning meritless cases is exactly what good law firms do, legal merit is in the eye of the beholder. Why would a shareholder want to drive a company into bankruptcy and wipe out any slim hope of recouping losses from their stock?

You can't really sue the CEO of a company if they say they "expect" so-and-so to happen, that deals are in the works. Kay deceives shareholders, for sure, but he's expert at couching his words with plausible deniability. All that training at Morgan didn't go to waste.

A couple of years ago, as is well known, Kay publicly denied there would be a r/s when one was in the works and happened a few weeks later. He denied it on one of those broadcasts put out by his IR company and immediately scrubbed that interview from their archives.

I honestly don't see much on which he can be sued. Some investors don't want to take responsibility for their own mistakes. Just because someone's been duped doesn't necessarily mean that they weren't at fault, also, that their greed or grandiose dreams didn't factor in. A lot of people saw through Madoff's scheme and a lot of people didn't because they didn't want to, they wanted to believe the fantasy of unrealistic returns on investment.