Correct, the Treasury does not dispute the constitutional power to remove the director, only arguing against the 3rd amendment, NWS. They have conceded the first point
Vancmike - and yet Calabria talks about leaving his mark on creating a world class regulator and being around for the remainder of his term until 2024.
The only way that happens is if Collins, et al, and at a minimum their derivative claims are fully satisfied. And while the gov is at it, they may say throw in the warrants in the settlement for good measure. Mr Liotta, who is 1 of the 3 plaintiffs in Collins owns full common shares. Any settlement goes through common shareholders.