RE:Judgment Reviewsolarman2013 wrote: Upon reading the entire judgment, their decision is based on:
1. Kentucky had no standing to sue on behalf of gamblers.
2. There was not a single case of a gambler brought forth who had lost.
3. The request to dismiss by the lower court WAS valid.
While there was a partial dissent by one judge, there is little wiggle room here for any sane lawyer to go back and try to get an appeal. Doesn't mean they won't, but not very likely.
Kudos to Marlon Goldstein and the legal team. A huge weight lifted off. For now, be content with the small gain...we will see much more when large banks now jump in the new year...
Seventh Circuit US Court Of Appeals already ruled against a similar case brought by Illinois.
They basically said Rational/Amaya/Stars were not gambling, they were the house so they could not be called the "winner".
Another reason why Kentucky will never win an appeal. This fear of appeal is not at issue in the markets right now.
But horrible markets in general is not helping any stock right now. Let us hope that the bounce in the markets will have larger 'oven spring' during the recovery which may be a long ways off.