Some thoughts on today's PR...
Concerning this paragraph:
"Judge Ryan also recently ordered that the Acquvest and Ascendiant parties may resume their pre-bankruptcy litigation in their respective venues, but stopped short of allowing these parties from attempting to collect on any judgment that might be later obtained. "CTC will continue to vigorously defend these matters. For now, the state court litigation will serve only to define the amount of these claims, IF ANY, with all other issues remaining with the Bankruptcy Court," Shulman said."
I thought the reason CTC filed Chapter 11 was so they could combine all litigations, and not have to spend money for lawyer fees in separate State Courts. With this ruling, CTC now has to send lawyers to two separate State Courts to continue these litigations...
The good news is: Acquvest and Ascendiant will also be spending additional funds on lawyers as well, and still get NO resolution...Plus there is a chance they will lose these cases, so it seems this is a tactic by Judge Ryan to pressure them to settle out of Court...Would you go to court to fight something you know you COULD lose, and even if you WIN, get nothing??? And if they do win, they will have to spend money for lawyers for years fighting all of the Appeals?
Thoughts anyone?
