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Monday, May 13, 2013 11:51:22 PM
The representation that GOOG has already implemented a complete work around on May 11th alone will toll on the PPS tomorrow. How much? We'll see tomorrow,
I just had a chance to do a quick read, but unlike some I can't say that I'm unimpressed. Going to have to read some more of the cases cited in their response, but I do think there will be a negative market reaction tomorrow, and possibly a significant one, unfortunately.
These law firms are getting paid millions and millions of dollars to represent their clients. I DO expect a very good response from VRNG, and I do not expect that to be a hasty one in any way. They have until next Monday, and my money says you will see no response from them until next Monday.
I will post more tomorrow. I really need time to read the response through in detail before really formulating any thoughts on it. I WILL comment that the fact that VRNG isn't able to impose injunctive relief against the Defendants in order to increase its bargaining position post verdict appears to be a pretty good argument against super sizing the RR. That's a point that kind of hit me in a quick read.
Anyway, just a quick knee jerk response. Again, I expect VRNG's counsel to earn their keep and come back with a very good response. In the meanwhile, the PPS will take a hit, IMO, and I think more than I personally anticipated. Tomorrow will tell the short term tale. VRNG still has the last word on the subject.
On a happier note, no request for oral argument by GOOG. Let's see if VRNG requests one.
JJ
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