[Cynnabar] Settlement

Charles J. Cohen charles at eecs.umich.edu
Wed Feb 8 14:57:36 UTC 2012


>    Judge says: 18% of total liquid assets.
>
>    SCA says: That dollar amount equals 18% of our total liquid assets.

This is a quibble, but no, this isn't correct. Look at the FAQ
documents. This was a settlement. No Judge involved. The SCA was sued
for a lot more money, and the lawyers negotiated a ton and a settlement
was reached that was a dollar amount. This should have been covered by
insurance, but only one of the companies lived up to their obligation
(the SCA is suing the others).

The amount we owe is a raw dollar amount. It was after the fact that the
18% amount was determined.

- Midair


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