News Focus
News Focus
icon url

free_man_n_paris

03/31/11 1:16 PM

#187881 RE: Red_Wolf #187877

IMO, there is no lawsuit and will be none. Merging company just needs time to check out the threat.
I believe that threat was made in anger by DM.
I also believe the potential merging company did their initial DD, was aware of the relationship between Guard Dog and Assurance, as well as the extent of Guard Dog's legal involvement with them and whether any outstanding contract could legally be cancelled.

In short, I think this delay has nothing to do with a potential lawsuit but rather the threat of a regulatory investigation.
That's what they need time to sort out, and find out.

All JMHO of course
icon url

Zero Cool

03/31/11 1:30 PM

#187888 RE: Red_Wolf #187877

out of court doesn't always mean a law suit is filed first. A Mediator can handle these issues without paperwork for a law suit ever being filed. With the non official nature of his comments I would think this would be there first action.