Not Quite, Scruff. You have to evaluate what you can do vs the now reality of the situation. The situation is that the settlement was nowhere near the amount that Dr Teese recommended as a settlement in the summary judgement hearing, or predictions on this board. According to info I read in one of the filings, lawyers, Bentham, Deirdre's sale of Chanbond have been paid out. Inventors got paid out as well last fall per t
heir agreement. Since they filed the CBV case vs Deirdre, both sides agreed to keep that money in escrow pending a decision in that case. Billy's take from the settlement is unknown from filings. What is able to be fought is by shareholders is that which is not legally contracted in the settlement. The only two areas in possible dispute is the Deirdre advisory agreement of 22% and Billy's take above his shares. The shareholders have no say whatsoever in the CBV case, so any intervention there is pointless and a waste of money. Deirdre has already filed a derivative case vs Billy on his illegal take, and is paying the bill. At the end of her filing, she states she wants nothing from the derivative action but the costs incurred in bringing it. That means that her lawyer gets paid, not the shareholder lawyers filing a later case, arguing the same case.
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