“Lost” is relative. If you spend money suing somebody and come away with nothing, in my opinion you’ve lost. They’ve for sure “lost” two cases. One settling for nothing and the other they spent money suing the wrong people. As many say here, top notch lawyers cost about $1,000 an hour. It took a few or several to put together the Trustwave document -> lost money. They spent a lot of time going back and forth with Entrust to settle for nothing -> lost money. They’ve taken out over a million in litigation financing and have nothing to show for it. In fact they are in a worse position now than they were when they secured that financing with the SecureAuth case still up in the air. I would have thought a cut and dry case would be taken care of by now but I guess there’s a little more too it than some try and make it seem.
A shareholder may not call it a “loss” to protect their idea of their investment. But it was a loss to SFOR’s bottom line and there is no denying that. Wasted time = wasted money = losses.
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