A lawsuit is only successful if in the end there is something to recover. That is why I asked earlier about whether ckys is insured for this...is there any money left from any source from which to collect any judgment obtained. Since Plant was an agent for ckys, all shareholders can basically sue Ckys itself for the fraud committed by its agent plant. Such a lawsuit makes ckys worthless imho even if it has a viable operation. Ckys will probably file for bankruptcy,and if its assets are viable, sell the business operation off to a third party (maybe Heaton as first lien holder) in bankruptcy free of all liens. Doubtful any proceeds will be left for shareholders unless there is an insurance policy. The class action lawyers usally get most of any recovery. We do not know if there is any cash left in the business if the 2 billion in shares were sold. Plants assets may not be recoverable if his wife has a marital interest in them. Hopefully some type of cause of action can be asserted against HEaton, Squm, and BA though.
