Meanwhile, in Massachussetts, the hearing to transfer the case to California is set for July 11:
05/29/2014
138
ELECTRONIC NOTICE Setting Hearing on Motion 131 MOTION to Transfer Case to Central District of California. :
NOTICE TO COUNSEL re: Cameras in the Courtroom Project. The parties in this case are hereby notified that this scheduled proceeding is eligible for video recording. Counsel are directed to the district court web site at http://www.mad.uscourts.gov/general/cameras.html to determine if they wish to consent to video recording. Responses are due seven days from the date of this notice. A RESPONSE FROM EACH PARTY IS REQUIRED. Motion Hearing set for 7/11/2014 03:00 PM in Courtroom 11 before Judge Denise J. Casper. (Hourihan, Lisa) (Entered: 05/29/2014)
Both parties agreed to this so I say the chances of settlement now is at 75% or higher. This could of course be a move by Activision to counter the consolidation but then why would Worlds agree if they thought CA was a better venue?
This should get really interesting and if there's settlement we will find out very soon. If there's no settlement I guess we will find out why Worlds agreed to this and how they feel about their chances in front of Casper.
I would expect a PR from Worlds this week that either announces the settlement or their reasons for agreeing to dismiss the CA suit.
Every $10M of settlement is worth at least $50 cents on the stock price IMHO, using a low P/E of 5. Settlement could be worth substantially more as it would set a precedent for others and lead to significant licensing revenue stream.
REH
ps All my opinion so do your own due diligence. Disclolusre: Significant Long position in WDDD
In the formal legal world a court case that is dismissed with prejudice means that it is dismissed permanently. A case dismissed with prejudice is over and done with, once and for all, and can't be brought back to court. A case dismissed without prejudice means the opposite. It's not dismissed forever.
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