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Re: None

Saturday, 06/23/2007 8:54:31 AM

Saturday, June 23, 2007 8:54:31 AM

Post# of 18151
There was another piece of news in the SEC case from the 21st that seems not to have been reported as yet, and it is possibly good news for RA et al.

The SEC made a motion to dismiss the remaining charges against RA, USXP, and Gunderson. The Partial Summary Judgement only covered some of the charges that were originally made by the SEC (hence, the 'Partial' adjective). The dismisal (without prejudice, which means they can be refiled by the SEC at a later date should they chose), covers the charges not dealt with by the Partial Summary Judgement.

So, the fight over a trial for those charges is apparently over (and it was a trial for the additional charges that was in question, not any trial covering the charges for which RA et al have already been found guilty), and Tifford can focus his efforts on the appeal process. The legal expenses should go way down now.

So, no more charges, no trial, and everything focuses on the appeal. However, should RA somehow win his appeal, all bets would be off. The charges covered by the summary judgement would be readdressed - probably in a jury trial.

Of course, all of you know how much of a chance I believe RA has of winning an appeal...

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