siriusly the Judge stated in the decision that suffcient evidence was not presented for the decison she made. She took the other announcements and inferred from them that the attempt could have been made to manipulate the share price through them and there fore in might have happened here. I know I added words She did not speak, but they were implicit in the decision. This opens the door for the Plaintifs to try every announcement and attempt to connect with any sale by anyone that might have taken advantage of the announcement.
Why do you think the company will have no expenses?
First Lienwand is not a trial attorney.
Second all communications that Huff had with anyone over the four years, regarding announcements must be gathered and presented to the Plaintifs. This includes diaries, journals, email, letters, board meeting minutes, and note others may have taken during these conversations. After some review of these documents, depositions will happen. The Plaintifs can depose anyone that had a conversation with Huff that might be relevant to the purpose of an announcement. We are talking about a year of this sort of thing. It may be to the companies advantage to do this but usually you cut your loses and walk away. It isn't about right and wrong, it is about being in business to do business.
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