ohm: Thanks to the good offices of board moderator, NuGilead, my 5 post limit has been removed. As to subpoenas re NSF, none would be necessary if, as Buddy just posted, USF is indeed a named defendant. However, as to the amount of exerted control necessary to pierce the corporate veil, and keeping in mind that I'm several decades removed from the law school class that would have addressed the necessary elements to do so, my recollection is that the case law imposes a high burden on attempts to so. I would also imagine that Sidley, in naming NSF a defendant, would have expressly pled piercing the corporate veil or some other legal theory that would create either direct or vicarious liability on NSF. (Simply owning Amarex or agreeing to investigate CYDY's complaints, however, would not, in itself, make USF liable for Amarex's contractual breeches or tortious misconduct.)
Moreover, if Buddy is correct that CYDY's complaint only seeks injunctive relief, then NSF isn't even a necessary party, and monetary damages are likely not involved. But there certainly could be separate damages discussions as part of settling the arbitration case. As in Amarex waiving its claim to additional fees and returning fees previously paid by CYDY. This is speculation, however.
Finally, Evil responded to one of my earlier posts by arguing that NSF might be motivated to drive an ultimate settlement simply to protect its investment in Amarex. I apologize if I didn't express myself clearly enough in the post to which he responded, but I was trying to make that very point. But, as I previously attempted to explain, that motivation would increase substantially if Sidley has a viable cause of action to assert against NSF itself.
Category: StocksTotal Views: 82 By : EditorUpdated: 05-15-2024
Did you always think about the thrill of this world, the world where undervalued penny stocks roam? Visualize yourself finding gems that have the potential to increase your investment returns by how many times the number of desktops you have in your office, leading to your masters in finance. How would you implement it? There are limitless possibilities of getting rich by picking out the diamonds before they become mass market goods
Investors who can find out penny stocks that are undervalued... Continue Reading
Category: StocksTotal Views: 63 By : EditorUpdated: 05-15-2024
Market Summary
The major indices all closed in positive territory. The Dow Jones Industrial Average climbed nearly 350 points, or 0.88%, to 39,908. Both the S&P 500 and Nasdaq Composite performed even better, with gains of 1.17% and 1.40% respectively. Meanwhile, April's economic data provided a mixed outlook. While inflation rose 3.4% annually according to the Consumer Price Index, this was a modest decline and within forecasts. Core CPI also aligned with projections, implying easing... Continue Reading
Category: StocksTotal Views: 145 By : EditorUpdated: 05-15-2024
Are Meme Stocks Merely Modern Equivalents of Pump-and-Dump Schemes?
The financial markets have long been a battlefield where contrasting perspectives clash. In recent times, an unconventional combatant has emerged on this terrain - the meme stock. Propelled by social media fervor and grassroots investor passion, these shares have incited spirited debates on fundamentals versus feelings, rational behavior versus irrational exuberance. At the heart of many discussions lies an essential query - ... Continue Reading
Category: MarketsTotal Views: 125 By : EditorUpdated: 05-15-2024
The most recent market mood today was positively affected by a Consumer Price Index (CPI) report, cooler than predicted. This sparked a rise in US stock prices, as the Federal Reserve felt less pressure to increase interest rates. Yet, individual painted a mixed picture. GameStop and Entertainment Holdings suffered significant drops due to the decrease from previous upswings, while Tesla also recorded a decline. However, Apple Inc. saw a small rise in its stock price.
CPI Report: The po... Continue Reading
Category: MarketsTotal Views: 137 By : EditorUpdated: 05-15-2024
Today's market this morning presents a mixed picture with optimism tempered by caution. Looming closely is the consumer price index which will impact the Federal Reserve's decisions on interest rates. This analysis provides a snapshot of major indices, highlights notable events, and issues investment takeaways.
Major Indices Performance:
The Dow Jones Industrial Average stands at $39,558.11. The S&P 500 Index rests at $5,246.68 while the NASDAQ Composite climbs to $16,511.18. A... Continue Reading
Category: Real EstateTotal Views: 162 By : EditorUpdated: 05-14-2024
Plunge into the dynamic cosmos of real estate, a domain where change is the sole consistency! Formed by economic currents, legal changes, and consumer fads, it's a sector that necessitates your concentrated emphasis, whether you're spending or merely working out into a home. Today, we're cutting with the clutter to present you with the most current, essential insights from the core of the industry since May 14, 2024. Get ready for a thrilling trip right into the unraveling trends, ob... Continue Reading
Category: StocksTotal Views: 173 By : EditorUpdated: 05-14-2024
Today the stock market was a combination of positive and negative results, the indices were not moving much, but the meme stocks were the ones that were going up and down. Now, let us see the details of the market activity of today, the leading stocks by the gains and volume, and the factors that contributed to these movements.
Stock Market Updates: Significant Price Changes and Contributing Factors
Cheetah Net Supply Chain Service Inc. was the driver of the stock price leap, gaining 442 p... Continue Reading
Category: Real EstateTotal Views: 202 By : EditorUpdated: 05-14-2024
Decoding the puzzle of fluctuating mortgage rates and refinance patterns is akin to solving a cryptic riddle. However, we aim to illuminate the intricacies that impact your fiscal choices. Have you ever felt perplexed navigating the ever-shifting landscape of the housing market, uncertain how to navigate prudently?
In our comprehensive analysis, we offer insider perspectives penetrating deep into the nuances of mortgage rates, refinance demands, and the tempestuous currents of real estate. Fr... Continue Reading
Category: InvestingTotal Views: 223 By : EditorUpdated: 05-14-2024
The most prudent approach to thoroughly comprehending investment legend Warren Buffett's strategic moves and newly emerging AI dominance this quarter is to scrutinize our recent blog. Entitled "Deciphering Significant Investors' Initial Quarter Moves: Unpacking Warren Buffett's Strategy and Emerging AI Tendencies Impacting Market Forces", it delves profoundly into the latest variables of investments. One would discover clues about how Berkshire Hathaway has shifted its port... Continue Reading
Category: StocksTotal Views: 230 By : EditorUpdated: 05-14-2024
Introduction
With just a week before corporate earnings occupy the minds of the stock market investors, the coming weeks might see neat balance sheets or rapid sales growth for the major companies to be revealed. May 14, 2024 was eagerly anticipated by analysts and investors as it would be the day when major corporations reveal their domestic financial balances in the last business quarter, that is based on the 3-month period ending March 31. At the same time, people are weighing the gory sit... Continue Reading