CMKM Diamonds Inc. (fka CMKX)

[CHUNKY44]

From what I've gathered, the basis for Hodges suit are affidavits from the plaintiffs that someone with the DTC told them of the settlement. Whether or not that's sufficient enough to fend off sanctions, we shall see. As long as the sanctions are less than $175K, all he loses is time.

The overall effect to his reputation will only be to strengthen the currently held opinions, one way or the other. Meanwhile, we remain entertained.

Hodges will have to show some factual evidence that creates a triable issue of fact that there was a "settlement." And, here, IMO, Hodges will fail miserably.