FO7, settlement is still not off the table. It's not unusual for parties to settle while a case is on appeal. The clerk's judgment will changed after the other post-verdict motions get filed. Once those motions have been ruled upon, and a Final Judgment entered, I believe that to be our next opportunity of a settlement. At that point the cards are all on the table insofar as the final, appealable, judgment. The next real opportunity for settlement will be once the actual appellate briefs are filed. At that point, the parties' appellate contentions are all laid out, which could be another event to precipitate a settlement.
The award of prejudgment interest is not something that should make the PPS drop as it is an additional award of damages. Not saying it won't drop, but certainly no reason for it to do so. I honestly don't see why there should be a negative market reaction, but it's certainly possible.
Back in the day we used to get 8-10% prejudgment and postjudgment interest. With rates what they are nowadays, that hammer no longer exists, unfortunately.
The prejudgment interest issue shouldn't affect the stock much one way or the other, IMO. There's really no reason for it to do so. If it does, I'd lean to it having a positive affect, even if a small one. It's additional damages not yet awarded.
As far as what cards haven't been played, I expect some turbulence in the PPS when motions for new trial are filed, along with other postverdict motions. It's already been discussed what we expect to see. I think those will have more effect on the PPS than this prejudgment interest motion. Just my WAG.
JJ
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