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- Dec 22, 2011
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So I shouldn't have bought another 1,000 shares?
How you spend
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So I shouldn't have bought another 1,000 shares?
I tend to agree.U.S. Bankruptcy Trustees are an aggressive lot. I’m a bankruptcy lawyer, but have only modest expertise in preference/fraudulent-transfer clawback adversary proceedings. My opinion (worth what’s been paid for it) is the athletes can expect they will be served with an adversary complaint to pay back monies if they don’t do so pre-litigation. There is a vast body of precedent governing the outcome of such an adversary, and facts and circumstances of each payment/contract will be highly scrutinized.
still broke. this inst a settlement lol. its just allowing a class certification I believe. lawsuit is now a class action.
Someone connected to UM will defend the athletes pro bono.I tend to agree.
In my largely uneducated opinion since I don't do any of that work, there's a dangerous ****tail at play:
1. Aggressive trustees that like to gloat about how much they've recovered (regardless of how that money was collected);
2. Attorney's incentives to generate and charge fees;
3. The fact that claims against UM athletes will garner lots of publicity and press for the lawyers/law firm;
4. Some of these deals got publicized so creditors can complain . . . "hey, why I am getting stuck when so and so athlete got $400K/year" . . .
5. And then last, and likely most importantly, every case, even bad ones, have a value. Some of you can sit here and debate into the clouds about whether such a claim is legitimate or not, but the fact is that it is tough to dismiss cases so every case has a "cost of defense" value. So even if you squeeze $10K from some kid--as unfair as that is--that's $10K you didn't have.
My law partner does this. Maybe I'll chat with him and post some more educated thoughts later.
Someone connected to UM will defend the athletes pro bono.
She definitely did not give up a multimillion dollar contract. Wsvn pays well but not like that.For real. She gave up a multimillion dollar contract that was guaranteed, easy money for as long as she wanted it. I presume she can always get back into that industry but she has to be questioning herself now.
Gotta love the Herald. A story generated by Cano Health being managed by morons (and that's the most benevolent interpretation of what was going on there) and now flailing in the winds of desperation somehow ends up with a headline essentially focused on UM.
I don't think that's accurate. Maybe I shouldn't have said multimillion, but she likely had a multiyear contract paying several hundred thousand dollars a year. Over the span of 1 contract, that's likely $1MM+. Two contracts is definitely multimillion.She definitely did not give up a multimillion dollar contract. Wsvn pays well but not like that.