Pacific Gold Corp fka PCFG

[blue dog]

PCFG's counterclaim asks for damages, including legal fees/court costs, but PCFG does not specifically ask for treble damages (as far as I have seen and not in the counterclaim's requested relief). PCFG also alleges the breach of various duties and alleges a duty to indemnify and hold PCFG harmless.

Without any specific knowledge of the case, that suggests that PCFG might recover its legal fees/court costs, but likely nothing more (i.e., break even, without profit).

Now if the lawsuit damaged PCFG's ability to obtain financing on advantageous terms, perhaps PCFG could prove non-speculative damages above and beyond its legal fees/costs, but even that would be recovering money spent because of BME, not profit.

Go $PCFG, Go