RE: RE: More on the Trellus invervention motion Yes, that would be one result that would happen, the other would be that they and their lawyers would replace the lead plaintiff and their lawyers.
This is in response to motions filed by the defense that the lead plaintiff is not qualified to argue some of the issues.
I did not get into the weeds with it, but from the very start of this I wondered about the lead plaintiff they chose. It seemed to be because of the price payed for the stock they bought. It was in the 13-14 buck range.
The trial is more associated with the secondary offering price of 12 dollars and most of the shares bought were bought at that time. The charges also stipulate that the offering was fraudulent because Puda's assets had already been taken by Zhao..
So it follows that the current lead plaintiff, not having been screwed by the offering is not damaged by it. This makes that plaintiff subject to all sorts of flack from the defense. Hense the motion to intervene.
And the plaintiffs know they are in a pile of dodoo........