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Two things I can think of: 1. The lawsuit is calculated to bring Theranos to insolvency sooner while they still have money in the bank 2. It's a way for an i
by nikcub 10y ago
Two things I can think of:
1. The lawsuit is calculated to bring Theranos to insolvency sooner while they still have money in the bank
2. It's a way for an investor to convert unsecured equity into a secured debt - pushing them up the seniority queue in bankruptcy (I think specifically that damages from a successful fraud lawsuit can't be discharged)