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Re: FFFacts post# 792266

Thursday, 04/18/2024 6:42:43 PM

Thursday, April 18, 2024 6:42:43 PM

Post# of 804057
You are correct. When I say void, I am referring to my prior reasoning in multiple posts. You correctly state that the SPSPA is not void as a matter of court rulings yet. What I was trying to state, is that I believe the gov knows that if this verdict is aloud to stand then there will be a 8-0 finding of facts that the terms of the SPSPA result in a violation of common law contract rights as codified in Del, and Virginia law. The current arrangement of LP on the Seniors that increases dollar for dollar of net-worth is just a NWS part 2. The SPSPA has been found by the DC courts to violate common contract law. Full stop. I believe Lambirth shouldn’t approve the gov motion on the merits. But I dont think merits have anything to do with it. I believe that should the verdict stand, there is now the ability for injuntive relief based on the terms of the SPSPA itself. I don’t think the agreement will withstand any attempt to collect on the LP or warrants should there be a new lawsuit from any shareholder in any district court just by filing a little tucker act claim for illegal exaction. Kind of hard to dismiss that 8-0 jury verdict in DC. This is what I believe.