"It is just as you described. Collins' attys. kicked Steve out of the co."...  Well, that's not my description, but I will agree its a distinction without a difference regarding my overall question.

However, I do disagree with your description that Steve was kicked out of the company.  We don't know that is true... but due to lack of information, we don't know that it isn't also.  That's the problem... not enough information, and that's why I posted what I posted.  I have more questions than I do answers at this point.  Lack of factual information leads to wild speculation, something we should all avoid if possible.