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Replies to post #153770 on Plastic2Oil Inc (PTOI)

Replies to #153770 on Plastic2Oil Inc (PTOI)
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BRIG_88

01/06/12 9:29 AM

#153771 RE: Warhorse #153770

WRONG. Any case can be settled at any time up to and including it having gone to the jury as long as a verdict hasn't been returned yet.....just settlein'
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jcoukr

01/06/12 9:31 AM

#153772 RE: Warhorse #153770

holy canoli.. absolutely this can be settled out of court. keep in mind also this is just a civil case not criminal so the sec is only seeking compensation.
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Krazy K

01/06/12 9:36 AM

#153778 RE: Warhorse #153770

It most certainly can! Do a little research on similar cases... It is not uncommon at all what is going on right now. A little hardball before it settles in common practice.
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irock1839

01/06/12 9:57 AM

#153806 RE: Warhorse #153770

You are DEAD WRONG. 95% of litigation like this is settled out of court.
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Rawnoc

01/06/12 10:03 AM

#153814 RE: Warhorse #153770

From the 8-K: "The Company is deeply disappointed that, for the time being, its attempts to negotiate settlement with the SEC following receipt of the Wells Notice have failed."

This CAN"T settle out of court. They already missed that chance.



I held a business for about 18 minutes, and I knew that.
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loanranger

01/06/12 10:14 AM

#153825 RE: Warhorse #153770

"This CAN"T settle out of court. They already missed that chance. Read, Tired of reading that it's going to settle out of court. It's NOT. They missed that chance"

Semantics seem to be a problem around here.

You're right. This case technically can't settle out of court. A complaint has been filed and the judicial process has begun. However, the case can be settled prior to trial......presentation of evidence to a jury......which, in lay terms, has been considered to be "out of court". I believe, however, that any settlement achieved after the case has been filed, but pre-trial, must get the court's approval.

Everybody is right. Peace is at hand!
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tykundegex

01/06/12 10:47 AM

#153855 RE: Warhorse #153770

Actually, technically it was ONLY able to be "settled out of court" since it actually became a court case. The Wells Notice was merely a warning that SEC _may_ take legal action, and there were neither any claims, nor any relief demanded until 2 days ago.

This case is very much settlable out of court.
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Steady_T

01/06/12 11:33 AM

#153901 RE: Warhorse #153770

Where did you get that silly idea..."This can't settle of out court" ?

SEC cases are settled all the time after the suit is filed. Several examples have already been posted on this board of just that happening.