RE: Litigation The suit with dreco goes back quite aways. It was alledged that a principle in a company purchased by dreco used sale proceeds to assist WZL (a loan) contrary to a non compete. Im pretty sure the individual settled with dreco but WZL was drug into the mess. Allegation was at tie that WZL would not currently exist and that damages to dreco (NOV) resulted in lost sales etc
It's been a long time but basically how do you quantify the damages?
At one time the amounts were rumored (i say rumored) to be potentially $20M. That albatrous has hung on WZL neck for a long time
The prinicple shareholders at the time are gone so it may well be that they are now talking.
Patterson is an X national employee , well respected so maybe there is progress outside of the courts.