Litigation CostsWhat puzzles me is the extent to which WIN's liability for legal costs is protected through a contingency fee arrangement. That is, is it, and if not why not?
It is the case that McKool Smith routinely represents plaintiffs under such arrangements ( see this article from the Wall St Journal
blogs.wsj.com/law/2010/03/29/a-dallas-firm-thats-very-mckool-on-contingency-fee-work/ )
I am a recent acquirer of WIN shares and thus am not aware if this has been the subject of discussion/disclosure in the past.
What would concern me is that if McKool Smith are not on a contingency basis, it would likely mean that they regard this as being very high risk.If, on the other hand they are, why is there frequent reference to high litigation cost exposure?Can anyone comment?
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