"does BLLN have to pay money"?! With due respect, friend, if that is your level of understanding about what happens in a lawsuit, I think you should be very afraid of your general understanding of the current situation with your investment.
In my long experience, most people have no clue about law and lawsuits, and because they don't understand, they just think then that it isn't important, only because they can't fit it into their personal frame of reference right now.
If you lose a court case (brought against you) for compensation, ahm, yes, you have to pay the compensation - that's no doubt the situation the world over. If you don't have the money, and your creditor calls you on bankruptcy, then you (as a company or as an individual) may have to go bankrupt. (Notice in the Samuelson lawsuit, the claim is against BLLN AND AK - what does suggest to you, grasshoppers? Game over - your assets, if you have any, get sold basically at fire sale prices to the highest bidder. In this case, the main product of BLLN is Qtrax, apart from some office furniture perhaps. If you continue to trade while you are insolvent, you could become personally liable for the debt as director(not just your company), and there could be jail sentences along with that.
If you think that you might lose the case in court, or it is too expensive to fight, you could offer to settle it ahead of the court case. Oh yeah, and then there's the legal fees to pay.
In BLLN's case, where does the money come from for that. Hmmm?
Go on, think about it. How many of these lawsuits against BLLN actually reach the court room do you think?
AI
