While We Wait.............
We are currently waiting for a response by the judge in both the Citic and Puda cases. On January 16th, the Citic case held oral arguments for Citic's Motion to Dismiss. There has not been a decision yet and it should be interesting when it comes, as it will show the strengths and weaknesses of the case against Citic. In the Puda Case, we are again waiting for a response from the Court regarding the Plaintiffs motion for leave to rewrite all or portions the complaint based on recent discovery.....or so they say. It could make perfect sense, based on the fact that the judge has essentially split the Puda case into two parts by issuing two different class qualification periods. I really don't understand the basis for this. To me they either set the class qualification wrong in the first place, or did it right...so how do you come up with two class periods for the same case. So to me the case against Zhao, Zhu and friends, all Chinese and non participating no-shows, has now been separated from the original complaint. This makes a argument to rewrite the complaint logical. If this decision was taken to speed the case along to it's conclusion, it had the exactly opposite result. In humble layman's opinion. In any case, we are waiting to see what happens and I'll continue to follow the cases to their conclusion. There is now a