3 ms·
under normal circumstances, absolutely, but considering the number of lawsuits they are battling, that war-chest could dwindle rapidly.
by elsewhen 10y ago
under normal circumstances, absolutely, but considering the number of lawsuits they are battling, that war-chest could dwindle rapidly.
- nikcub 10y agoLawsuits that go to trial are slow, tho - especially those in Delaware. They're likely looking at years++ What I'm curious about is since the value of civil claims against Theranos is now greater than their cash balance what chance do plantiffs have on an asset freeze or forcing administration I initially thought the lawsuits were about individual parties suing to gain seniority on debt structuring in bankruptcy but it makes more sense that enough parties got together and sued to force bankruptcy so that 20-30c in the dollar could be obtained as opposed to 0