Another lost trial and 1.7 million goneAnother lost trial. No David you can't spin this as a victory. The company wanted 4 million and win 1.7 million. To be exact it said "The Panel awarded Syneos Health US$1,707,830.52 in damages plus interest for certain unpaid invoices"
Paying less is not a victory , it's a settlement. They picked a company that played them and wasted $1.7 million.
One funny comment was the comment that FSD is looking for other bioscience companies that have been burned by Syneos in the past. I smell a class action in the works, why else would FSD be enquiring?
Oh well, instead of bankrupt by November we are bankrupt by October. Sad state if affairs.
I never even know about this trial. Did anyone else know in advance? Weird it wasn't readily available anywhere. Like the $53 million lawsuit for stolen proprietary information and 30+ million for wrongful dismissal, lost shares and court violations.