The California Court doesn't have Jurisdiction. And a fruitless endeavor to file a Complaint in State Court.
Plus, the big settlement hasn't been claimed as a Material Event by any defendant as there hasn't been an 8-K filed and the settlement hasn't appeared in the Subsequent Events of a SEC filing. The defendants threw Carter a bone to go away.
In the Leane Complaint she stated that Carter was negotiating with the defendants for a licensing deal.
When Carter allowed the company to become suspended and revoked it was obvious to most that Carter didn't have any intentions of sharing a settlement with shareholders - then his waterfall made it clear.
Common shareholders are last in line - just like a bankruptcy but a few will be here for years hoping for a few crumbs.
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