I doubt they see hundreds of millions in damages. I mean, other than breach of contract, there is no real damages. GDSI had nothing else invested in Rontan other than time. I think you underestimate how much money 1.2m is for a case. That alone is a lot. Plus, it was no secret that the Rontan employees were on strike for not being paid and the government stepped in and took control. Rontan was on the verge of bankruptcy which is why GDSI was even in the talks.
Asking for hundreds of millions when the buy price was only 52m is overkill. Plus it is a foreign lawsuit, being greedy is out of the picture. After all, if it was the other way around, then the US government and lawyers would give Brazil the middle finger and move on
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