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re: Diving deeper on Standard Lithium?

Posted on 11/18/21 at 9:45 am to
Posted by adupy
Mandeville
Member since May 2009
67 posts
Posted on 11/18/21 at 9:45 am to
Very coordinated attack.

How many hundreds of thousands will it cost to defend, even if unfounded.
This post was edited on 11/18/21 at 10:01 am
Posted by TigerDoug
Lees Summit
Member since Mar 2017
661 posts
Posted on 11/18/21 at 10:02 am to
If this short report is untrue, the Company needs to get some balls and respond asap!!
Posted by go ta hell ole miss
Member since Jan 2007
13783 posts
Posted on 11/18/21 at 10:49 am to
quote:

Very coordinated attack. How many hundreds of thousands will it cost to defend, even if unfounded.


100s of thousands? Man, it’s going to take millions and millions even if unfounded. Especially if unfounded because the company is going to want to defend it aggressively. These things usually shake out in a couple hundred million settlement quickly (8-12 months) in instances like this. Luckin just settled theirs for $175 million. Nikola settled their SEC claim for $125 million. That’s about what you can expect in this if the data is actually flawed and misrepresented.
This post was edited on 11/18/21 at 10:50 am
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