My Take UP Till Now
Posted by: tnm69 on November 12, 2007 08:38AM
Have been practicing personal injury litigation for 30 years and know very little patient law,but I do have a handle on the following I think:
1.Joint motion for stay.
To me it was important that the lawyers for PTSC/TPL presented the motion and order to the Court. Shows whos in control. My belief there was a phone call between the Attorneys and Judge prior to the Order being entered,the judge understood the need for the stay and said prepare the order. No need to stir the stock market on a sell off of any stock or purchase of any stock by putting the reason for the stay.
2. Remember a Federal Judge in the legal system is God. He is appointed for life. His rulings are seldom questioned. Its his ship and the authority is not questioned.
3.Web cam cancelled
To me if JT had went forward, he might have violated the stay.Its clear that either the attorneys or TPL said no.HIs web cast caught the investors by surprise, and apparently others.
4. Is it settled?
My opinion is Yes nearly.When the phone call was made to the Court,a settlement in theory was announced ,the details just had to be worked out. Lawyers did not want publlic pressure to influence either side in working out the details, therefore 30 day Stay.
One of the J3 might have been kicking but if the other two settled, he had to settle and details worked out.
The Judge would not have granted the stay if settlement had not been anounced to him. No Numbers given, thats what is being worked out.You will notice the pressure is still on all parties in that the trial date was not changed or mentioned...
5.When will we hear?
Within the 30 day time period and when those that are authorized by each Board of each company signs the settlement agreement.
Was wondering if PTSCs board had authorized JT to sign or does the Board have to be called and authorize JT and secretary to sign. With the agreement that TPL runs the show, Does PTSC do what ever TPL says to do with out question and can Tpl settle the case without PTSCs board approval????Probably.
Just a few thoughts
Posted by: tnm69 on November 12, 2007 08:38AM
Have been practicing personal injury litigation for 30 years and know very little patient law,but I do have a handle on the following I think:
1.Joint motion for stay.
To me it was important that the lawyers for PTSC/TPL presented the motion and order to the Court. Shows whos in control. My belief there was a phone call between the Attorneys and Judge prior to the Order being entered,the judge understood the need for the stay and said prepare the order. No need to stir the stock market on a sell off of any stock or purchase of any stock by putting the reason for the stay.
2. Remember a Federal Judge in the legal system is God. He is appointed for life. His rulings are seldom questioned. Its his ship and the authority is not questioned.
3.Web cam cancelled
To me if JT had went forward, he might have violated the stay.Its clear that either the attorneys or TPL said no.HIs web cast caught the investors by surprise, and apparently others.
4. Is it settled?
My opinion is Yes nearly.When the phone call was made to the Court,a settlement in theory was announced ,the details just had to be worked out. Lawyers did not want publlic pressure to influence either side in working out the details, therefore 30 day Stay.
One of the J3 might have been kicking but if the other two settled, he had to settle and details worked out.
The Judge would not have granted the stay if settlement had not been anounced to him. No Numbers given, thats what is being worked out.You will notice the pressure is still on all parties in that the trial date was not changed or mentioned...
5.When will we hear?
Within the 30 day time period and when those that are authorized by each Board of each company signs the settlement agreement.
Was wondering if PTSCs board had authorized JT to sign or does the Board have to be called and authorize JT and secretary to sign. With the agreement that TPL runs the show, Does PTSC do what ever TPL says to do with out question and can Tpl settle the case without PTSCs board approval????Probably.
Just a few thoughts
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