Arbitration takes a long time. It is very much in
Post# of 155595
(Total Views: 594)
Posted On: 04/14/2022 3:00:00 PM
Re: Cassandra X #121975
Arbitration takes a long time. It is very much in Amarex's interest to drag this out as long as they can, in the hope that they can wear CYDY down into taking a lesser settlement. THEY know that this is an overhang on the stock, and that when they either cough up many millions, or CYDY has to sue them*, suddenly they are not collecting investment income on that huge amount of money. So, financially it makes sense for them to drag it on as much as they can.
* Because a self-appointed expert (in entertainment law) will jump in and say "but they have an arbitration agreement, CYDY can't sue them, I am a lawyer and I know all about it" --
remember that the arbitration agreement was based on good faith efforts and executing tasks to a PROFESSIONAL STANDARD. Having the FDA repeatedly say "this is not complying with our standards" is grounds enough for CYDY to go to court and break the arbitration agreement, and sue Amarex and its parent, NSF, which had NSF employees on the Amarex board and in managerial positions.
My aside: NSF can deny the connections all it wants, but a "reasonably prudent person" would not think that NSF's involvement was a hands-off relationship -- hence the good argument that NSF is also liable if Amarex tries to flee into bankruptcy.
* Because a self-appointed expert (in entertainment law) will jump in and say "but they have an arbitration agreement, CYDY can't sue them, I am a lawyer and I know all about it" --
remember that the arbitration agreement was based on good faith efforts and executing tasks to a PROFESSIONAL STANDARD. Having the FDA repeatedly say "this is not complying with our standards" is grounds enough for CYDY to go to court and break the arbitration agreement, and sue Amarex and its parent, NSF, which had NSF employees on the Amarex board and in managerial positions.
My aside: NSF can deny the connections all it wants, but a "reasonably prudent person" would not think that NSF's involvement was a hands-off relationship -- hence the good argument that NSF is also liable if Amarex tries to flee into bankruptcy.
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