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PLinda2030

10/29/20 11:03 AM

#46287 RE: Jd6981 #46286

I don’t think a settlement was ever likely so I would say not going to happen. I’m sure others may have a different opinion. I think this is getting quite close to the Award Decree by the judge. After the 17th hearing, we shall see.

GLTA
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Coreton

10/29/20 11:07 AM

#46288 RE: Jd6981 #46286

Once there is a final ruling with damages.

GDSI can make an offer to Rontan et al to settle the matter. Which is probably exactly what will happen.
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eqinvestor

10/29/20 11:39 AM

#46290 RE: Jd6981 #46286

Yes
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eqinvestor

10/29/20 11:43 AM

#46292 RE: Jd6981 #46286

Rontan can settle at any time. In fact, many cases are even settled after judgment because judgment doesn't guarantee collection. In a settlement and if you have competent attorneys, settlement can be reached and be effective upon consideration etc. So and for example, let's just say damages are $200,000,000. Rontan can then approach GDSI and say will you take $50,000,000. That money would then be wired into an attorneys escrow account and money is released upon signing of documents.