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Posted On: 09/29/2022 8:39:53 PM
Post# of 148889
const: I don't have enough info to even make an educated guess on an Amarex litigation timeline. The case is still at the mediation stage with no info re status. A lawsuit against Amarex has not yet been filed as far as we know. Absent a settlement, such a lawsuit could easily require several years to reach a final judgment.
The potential damages are enormous, hundreds of millions or billions, but Amares will argue that lost revenue is too speculative to recover. Also, the only deep pocket is Amarex's parent company, and piercing the corporate veil would require a showing of sufficient control by parent over Amarex's misconduct -- usually a difficult hill to climb.
The potential damages are enormous, hundreds of millions or billions, but Amares will argue that lost revenue is too speculative to recover. Also, the only deep pocket is Amarex's parent company, and piercing the corporate veil would require a showing of sufficient control by parent over Amarex's misconduct -- usually a difficult hill to climb.
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