Jay Wright CEO of MOBL in 2009, reported that the amount expected from the DAC lawsuit was to be $50 million. This amount was to include pre-judgment interest. In the April 2008 Supreme Court Oral Arguments, a figure of $200 million was discussed in their oral arguments. That was back in 2008....
Here is some of the language taken from the those oral arguments-
The assignee is bringing the lawsuit for the most pragmatic of all possible reasons. Mr. Phillips wanted to talk a lot about discovery, and Justice Kennedy and I believe Justice Souter asked why is this lawsuit in Federal court instead of before the FCC.
There are good answers to those questions. The discovery in Federal court, the discovery available in Federal court, is more
appropriate to -- is more necessary in a large case, a $200 million case like this one, than in a relatively small case --
