Please reread the Angel reply brief because your statements are erroneous. Mr. Angel states that the CONTRACT rights stated on share certificates and the initial filing offers include a requirement that the Board members meet and vote on non-cumulative dividends each business quarter. This never happened according to any public record.
More important, the remand back to Lamberth affirmed that CONTRACT RIGHTS having preceded the SPSPA are not modified under succession rights and, thus, that Angel's complaint has standing for a trial adjudication.
A ruling in favor of Angel in the DC Circuit Appeal could blow the doors wide open for all the Lamberth plaintiffs to prevail. The initial loss in the Lamberth Court was what sent stock prices, both common and JPS, into a tailspin into the shitter, several years ago. A reversal in that court could also reignite the former share price levels.
I find the Angel suit both to have significant merit, and great promise to strengthen other pending litigant shareholder actions. All shareholders should be supportive of the Angel action.
News 
Market Data 
Discover 
