Replies to post #205516 on Avid Bioservices Inc (CDMO)

[BCS Paladin]

I guess I missed something

When did we find out CMS had $4million of E&O coverage?

How did we find out there was a $4million offer to settle??

Did you/we know that most E&O policies INCLUDE DEFENSE IN THE LIMIT?

Translated that means a $4million policy will pay a max of $4million in ALL payments including money paid to attorneys.

Translated again....CMS spends $3million for attorneys which means the Insurance Company policy only has $1 million left for a settlement.

Translated again....when the Insurance Company spends $4 million for attorneys they are done....then they walk....

This suit is not important.....unless of course the discovery identifies who paid Jeanette...and that the bad guy has a market cap of $200 BILLION like Roche.....then.............

[Krakonos]

EYEBUY, this question is not directed at you, ANYONE here can chip in.

And CSM carries $4 million in insurance.

Here is my question.

4 million in "today's money" is a peanuts IMHO, if through negligence company like CSM can cause lots of damage. Shouldn't there be a requirement that they are insured higher than that in order to be licensed?

[md1225]

Ever since the discrepancies and the bogus CA Peregrine has played down EVERY possible piece of news and potential inflection point.

The only one not played down was Steve King's statement of "the coming year" which we are all too familiar with.

6 weeks left.