3 ms·
> JPM will sue and probably recover a very large chunk of it Who are they going to sue? Javice's stake in the company was only worth $21M. If the rest is held
by cldellow 4y ago
> JPM will sue and probably recover a very large chunk of it
Who are they going to sue? Javice's stake in the company was only worth $21M.
If the rest is held by shareholders who weren't involved in the running of the company, good luck getting it back from them.
- chadash 4y agoFair point, although it was a private company with 8 investors, so it wouldn't be that crazy to file 8 lawsuits.
- PeterisP 4y agoIt seems quite plausible that most of the money paid for the company was placed in escrow for some time, exactly to cover scenarios like this where the seller misrepresents something material about the company.
- deleted 4y ago[deleted]