• I would think delinquency falls under "Breach of Fiduciary Duty" • Along with, like ALL non-disclosed and non-filed SEC required documents, 8-Ks
I guess we'll all learn something with this case and lawsuit.
And since "Ultra Vires Acts" occurred,... ALL,... "YES ALL"... SIDE-DEALS made by Carter WHEN PUBLIC can be VOIDED (or renegotiated) since acted independently w/o board approval.
Bentham will be entitled to any loans and interest payments owed though.
And since no "known?" cap on Bentham, whatever (probable) "Kickback consulting-fee scheme" Carter had is gone.
My estimate is knocking-off at least 35%, allowing more dollars to go to the shareholders.
And if go by Dr. Teece's numbers of $0.28 - $1.06 per month per modem and: • The total number of infringed modems (units) deployed or in-service • Which companies had "x" amount of units for "y" amount of months/years • The total number of subscribers (customers) each company has/had • Which companies indemnified, by who, for how much and for how long • Etc.
The grand total settlement amount has got to be WELL OVER ONE BILLION DOLLARS.
Who knows, but a HUGE, WHOPPING, GIGANTIC number (and this includes discounting).
Forgot if Chanbond was suing Cox for 133 or 140 million, but discount to $100M.
And from our field court attendees (thank you again), informed the hired guru, Thomas M. Melsheimer of Winston & Strawn LLP, just gave-up, left abruptly and knew he was losing TERRIBLY by reading the jury. He didn't even finish.
And Cox dwarfs both Comcast and Charter. They're ENORMOUS! Comcast alone could be on-the-hook for $1B+ since 3x since acted with WILLFUL INTENT.
And what EXACTLY does GLOBAL SETTLEMENT mean since indemnifiers involved?
All the U.S. cable companies? 462 current cable providers. Doubtful, but never know.