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jcoukr

03/30/12 7:19 PM

#174276 RE: Toxic Avenger #174275

Damages in wm case was 1.6 billion. Redo ur math. 54 times less than the damages was the settlement.
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cp44

03/30/12 7:30 PM

#174278 RE: Toxic Avenger #174275

Not sure if my math is right but WM ended up paying about a half a percent (.5% ) of the($1,700,000,000) they were accused of and found guilty of defrauding investors.
JBI is accused of (not found guilty) of over inflating some media credits to the tune of $10,000,000 and income from the PIPE is even less. $8,000,000. So given the same math as with WM ; the fine would be what $50,000?
Please correct my math if need be but I do not think JBI's fine would be that high if one uses the WM case as comparison.
JMHO Please excuse my math and correct me if it's incorrect
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Ignotus

03/30/12 7:35 PM

#174279 RE: Toxic Avenger #174275

actually that would be around 180K... lol... not millions lol