I'm beyond sure they have it under wraps. They are either spending a good chunk of change for retaining their lawyers, or they're doing it on a contingency. Contingency would mean this bad boy is going to trial as lawyers would get diddly if a settlement involved HJOE paying cash. Remember the court docs indicate KBM is going for chump change in 65K. What they're really going for is the shares which they can bleed into the market on filings and send HJOE into a death spiral. If HJOE wins and it's a contingency settlement for the defendant, HJOE will be looking to shell out close to a 60-40/70-30 split. I've been in one if these and my rate was 40% on a 75K settlement for me.
Bottom line, my gut tells me HJOE is paying some fairly good dollars to some fairly heavy hitters to kick the shit out of KBM. If settled the lawyers get their payday and HJOE walks sans some cash or possibly a voided note. If this goes to trial, it will be extensive, time consuming and may indeed get ugly.
(1)
(0)
Hangover Joe's Holding Corporation (HJOE) Stock Research Links