everytime they talk like that the decimal point moves one place value to the left. For such an "intelligent group of attorneys" you would think they would know when simply to shut up.
Contempt of court and another place value left is up next. Arrogance breeds contempt. How dare a trust stand up to the billion dollar mkt caps of PXD and JPM and Woodside. That is what is implicit in that comment and in flaming rhetorical hubris they just keep multipling the damage award. When PXD is done taking a 20% hit to their mkt cap they could recoup it by suing their attorneys for malpractice. Or maybe they have to play like this.
If this for some bizzare reason ends up in trial. Dennis Koslosky and the Adelphi crew will have lots of company. That is the rub for PXD. If they get killed with a damage award or settle for a big sum shareholders will fry them and people will go to jail. They need a summary judgement or a petty settlement figure or they lose a lot more than money. imo...glta
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