PPRuNe Forums - View Single Post - Boeing 737 again in the news
View Single Post
Old 6th Nov 2021, 15:20
  #66 (permalink)  
WillowRun 6-3
 
Join Date: Jul 2013
Location: Within AM radio broadcast range of downtown Chicago
Age: 71
Posts: 853
Received 0 Likes on 0 Posts
Sure, but plain English writing incurs a higher hourly rate.

The institutional shareholders - I'm not looking it up but my recall is that they're big pension funds or the like - wouldn't see any material benefit to the value of their shareholdings over the long term from the cash infusion into the corporation, as opposed to sending their settlement (even net of atty fees) to the victims' families fund.

The negotiated agreement for settlement doesn't contemplate this essentially public-spirited, even charitable, transfer. It would be a heavy lift for an enterprising lawyer somewhere on the service lists (that is, lists of the several attorneys who must receive copies of all papers filed in court)`who could see the opportunity to take some of the absurdity here and bring it before the court. It is a court of equity - Chancery - where interests recognized by law although not necessarily articulated in statute, codes or rules, can be vindicated.

The Howard Cosell item is just because he gives lawyers a good name, if one bothers to learn the bio..
WillowRun 6-3 is offline