Posted On: 02/17/2013 10:20:39 AM
Post# of 43065
Well the fact that a settlement was made and money changed hands means that some fraud or at the very least an accounting misstatement occurred. That sets a precedent for any similar case, which the various shareholder lawsuits are, and the derivative suit. Preceents are what drives settlements in law. This could end up costing JBI 7 figures if it is sued multiple times for the same basic offense. Especially if it is the government (SEC). That would carry alot of weight.
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