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Delta sued for what, $500M? These would have to be some expensive lawyers, even for lawyers.
by baq 2y ago
Delta sued for what, $500M? These would have to be some expensive lawyers, even for lawyers.
- manquer 2y agoThat is just one customer, and also it is not just lawyers, Contingent liabilities(potential amount for settlement) when it escalates from possible to probable, in GAAP that means it changes from mere footnote to a line item in P&L which needs to be financed and managed and affecting their margins well before the actual settlement is decided.
- baq 2y agoLooks to me the market priced this in.
- bruce511 2y agoMeh- Delta sues for 500 million is just the headline. They'll end up settling for nothing like that.
- baq 2y agoSo either way a non-issue for today.