Both sides submitted bills to the Court of about $7.5 million each
***I find that surprising, Jones. I expected IH's legal bills to be
at least double that of Rossi's. I wonder how they got their top
notch firm so cheap? What does this mean: This similarity of bills
looks like collusion on their part...
On 7/27/17, Jones Beene <jone...@pacbell.net> wrote:
> Anyone who thinks Rossi "won" is living in fantasy land.
> The only big winners were the attorneys for both sides.
> Both sides submitted bills to the Court of about $7.5 million each,
> hoping the judge would assess those costs to the other side. This
> similarity of bills looks like collusion on their part - but there is no
> reason to believe that they were paid substantially less by their clients.
> That means most of the initial $11 million which Rossi got from IH was
> lost to him in the filing of the lawsuit. But he is not home-free. Rossi
> gets to keep his junk IP and apparently the Swedes love him, so he may
> resurface over there if he can stand the winters.
> Rossi was not charged with perjury for his deposition - at least not
> yet. IH believes he should have been charged - and that could still
> happen. No agreement with IH will protect him from perjury.
> As for the legal fees of IH plus the other money they paid to Rossi up
> front - that is probably over $20 million, BUT they offloaded all of
> that expense and more to a British Investment firm - which has actually
> gone up in value since they made the $50 million investment in IH/Cherokee.
> If you are "following the buck" in all of this, here is how it stands:
> 1) Rossi has a net of about $4 million ($11 million minus attorneys fees)
> 2) Darden has a net of about $30 million ($50 million from Woodford
> minus $20 million)
> 3) The attorneys have a net of about $15 million
> 4) Woodford Patient Capital Trust is up about 14% from when they
> invested in IH
> In a way, it looks like Darden is in fact the biggest winner here ...
> but in one of the never-ending mysteries of capitalism - the big loser
> is not apparent... other than the vorticians who wasted hundreds of
> hours posting and reading a "show about nothing"
> ... with apologies to Jerry, his nothing was at least funny...