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tomfitzy

07/16/13 6:36 AM

#84475 RE: roytoy6969 #84474

No chance.
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Great Eagle

07/16/13 12:14 PM

#84476 RE: roytoy6969 #84474

The way I see it, the judge is aware of the time sensitivity on the case and so even though its unlikely a ruling will be announced at a status hearing, a settlement cannot be ruled out.

The status hearing is in place for the parties to meet in the presence of the judge and hope to hammer our a settlement than go to court. The judge will also be keen on closing this soon due to the earlier mentioned time sensitivity.

For example, the judge might say that if the case goes to court, they will be on the hook for all the lawyer fees, and if the delay causes JNSH to not complete the installation, then they may on the hook for a portion of the 'lost' earnings as well. Now, they can take the chance and go to court, or 'settle' with JNSH saying they give up the Chicago Assets in exchange for JNSH not suing them for damages.

So although there will not be a ruling for certain, there could be a settlement (though chances are less).