That's what they're trying to do -- scare away any
Post# of 72446
Posted On: 06/23/2016 1:09:43 PM
That's what they're trying to do -- scare away any new investors. I think they finally figured it out, that they're not going to scare us long-term investors, and newer but knowledgeable investors, out of our positions.
My poor cat choked because he laughed so hard reading the nonsense being spewed about legal fees.
If the judge decides to sanction Rosen and award legal fees, she will have the Ashcroft firm submit an accounting of billable hours, and expenses (including any plane trips to NY that Leo had to take), and she'll decide what's reasonable. Then she'll order the Rosen firm to pay CTIX the cash.
Period. That's how it works.
Often, law firms will submit hugely high numbers of hours, and hourly rates, when they apply for legal fees. Then the judge cuts that number back to payment for the time she thinks they really spent. In THIS case, I would be very surprised if Ashcroft submitted anything but a scrupulously documented bill. Their reputation and credibility is on the line, so they'll ask for whatever it really took to fight this case.
Then, they and CTIX can renegotiate the payment if they want, or leave it as it is. This whole options pricing business is NOTHING that the judge will look at. That's between CTIX and the Ashcroft firm.
I have been a plaintiff in this process and have been awarded legal fees, and I have seen the scumbag opposing attorney file for immensely bloated legal fees (which he didn't get because I prevailed) -- so I have had first-hand experience with this process.
My poor cat choked because he laughed so hard reading the nonsense being spewed about legal fees.
If the judge decides to sanction Rosen and award legal fees, she will have the Ashcroft firm submit an accounting of billable hours, and expenses (including any plane trips to NY that Leo had to take), and she'll decide what's reasonable. Then she'll order the Rosen firm to pay CTIX the cash.
Period. That's how it works.
Often, law firms will submit hugely high numbers of hours, and hourly rates, when they apply for legal fees. Then the judge cuts that number back to payment for the time she thinks they really spent. In THIS case, I would be very surprised if Ashcroft submitted anything but a scrupulously documented bill. Their reputation and credibility is on the line, so they'll ask for whatever it really took to fight this case.
Then, they and CTIX can renegotiate the payment if they want, or leave it as it is. This whole options pricing business is NOTHING that the judge will look at. That's between CTIX and the Ashcroft firm.
I have been a plaintiff in this process and have been awarded legal fees, and I have seen the scumbag opposing attorney file for immensely bloated legal fees (which he didn't get because I prevailed) -- so I have had first-hand experience with this process.
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