olddog
Yes, PWC will have to rely on IDCC and perhaps its outside counsel when making its determination. It may be dealt with more scrutiny since the initial reporting and reserve appear to have hit a minor setback due to the court's rejection of the IDCC position. Since we are not privy to the RA, the guessing game will not do us much good. Based on the number of problems with the announcement, subsequent sales by participants, and the recent ruling, I would feel more comfortable with a reserve overstatement rather than status quo. However, one thing I have learned in life is how I feel is not always outcome determinative of an anticipated event.
MO
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