there are a fair number of lawsuits that get settled by buying out the plaintiff. the new FAS 141R acquisition accounting rules have provisions for this. Still an easy and clean solution to use the vader plan...PXD gives us worthless properties, WSE buys them and becomes 100% owner for $1.2 billion, JPM rpovided financing and picks up the legal expenses, etc for $1.5 billion overall.
PXD would settle the suit for a "nominal" amount, WSE would get a great property (their words) and JPM would get the "no admission of guilt" clause, save its reputation and have a nice banking relationship with WSE. No one would get screwed for triple damages.
Ad we would get ~ $20 per share in CASH.
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