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... > >
