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marjac

02/19/23 10:58 PM

#403709 RE: ilovetech #403677

Outstanding point, ILT. Requests for relief under Fed. R. Civ. P. 60(b)(1) (mistake) and 60(b)(3) (fraud/misrepresentation) must be filed within one-year after the entry of the original Judgment. Fed. R. Civ. P. 60(c)(1). Requests for relief under the other provisions of Rule 60 (including fraud upon the court under the landmark SCOTUS decision Hazel-Atlas), are not subject to the one-year time limit. United States v. Sierra-Pacific Indus, Inc., 862 F.3d 1157, 1167 (9th Cir. 2017).

As you correctly note, EPADI II's Rule 60 Motion was ultimately denied on grounds of Standing, but the merits were never adjudicated. It is too late for a Denner piloted Amarin to seek relief for mistake (Curfman/Bhatt/Jarvis analysis), or fraud/misrepresentation. But it is not too late for a Denner piloted Amarin to pursue Rule 60 Hazel-Atlas fraud upon the court relief either through a Rule 60 motion in the underlying action, or a new lawsuit filed in Nevada (the venue for fraud upon the court relief must be the court which has allegedly been the target of such fraud upon the court).

We can't do it derivatively, due to the Standing rulings in our previous application. But nothing stops Amarin from doing so. Amarin has Stranding, and fraud upon the court is not subject to the one-year time limit. The obstacles that we faced are simply inapplicable to Amarin.

It would take a creative, forward thinking lawyer/legal team with a spine to even attempt this operation. But it is viable, although it would undoubtedly be met with a barrage of cynicism and acrimony from the generics.

It might be worthwhile for interested shareholders to raise these points with Denner's team after the proxy fight, if they prevail.

W0lf1

02/20/23 12:24 AM

#403713 RE: ilovetech #403677

Simply brilliant!
I wonder what MARJAC thinks of this alternative.
Doctor Denner + MARJAC = Victory

marjac

02/20/23 12:49 AM

#403714 RE: ilovetech #403677

ILT, in terms of your major peeve with management about "their refusal to concede that Amarin's first legal counsel missed the fraud", that issue is soon coming to a head. My pre-derivative suit Demand requesting that Amarin sue those lawyers for legal malpractice damages in excess of $4 Billion, was served on December 26, 2022.

Currently the Demand is under review by two New York law firms, one on behalf of the Amarin, and one on behalf of the BOD's Special Committee evaluating the Demand. I have to wait 90 days from December 26, 2022 to file suit. The BOD has an opportunity here to support the shareholders by not taking a position adverse to mine.

Their ultimate response will be very telling of whether they have learned from past mistakes, as the legal malpractice suit is a win-win for both Amarin and its shareholders, as any money recovered after attorneys fees and expenses, is revenue for the Company.

alm2

02/20/23 10:39 AM

#403729 RE: ilovetech #403677

ILT

Brilliant thinking

Sarissa/newAmarin to grab this opportunity

It’s a no brainer

Alm