Coda Octopus Group Inc (CODA)

[smit0745]

If the lawsuit was that serious of an issue, why would the parties suing wait until 2014 to bring the suit to court? They are alleging that the company violated an anti-dilution provision in from a share offering in 2009... 2009... why in the world would they wait until now?

My opinion, based on iroquois's past record of numerous shareholder lawsuits, is that iroquois is suing because they see the strong financial position of Coda now and are using litigation as a means to try to get the company to settle with them, which is typically the outcome in these types of suits.

However, I may be off base in my opinion since I do not have as much information as I would like to make a better informed opinion.

In most of these situations, if the case doesn't get thrown out, there will be a settlement... Iroquois won't get what they are alleging that they are owed.