RE: KSV28 Apr 2024 13:06
RBM, CAG, Dusterhater, Alfresco, Antha, Stas20 and others,
We all seem to be asking similar questions and I've collated the ones I came across here in this post and added mine at the end, which echo others. I suspect everyone will be keen to participate, so the Zoom calls could get a little messy; I suggest we send the questions to MC before so he has time to prepare effective answers.
1). % chances of positive outcome for shareholders
2) If winning result then when % chance of actually funds being retrieved from culprits so as to compensate shareholders.
3). When does no win no fee kick on
4) Guarantees no more cash calls after 1st stage or when / if the first £150,000 raised is used.
5) Expected time scales.
6. What percentage will the lawyer take on top of the contributions already made.
7. Has Michael Cotter been in contact with Mr Denton of BP?
1. How much work have you conducted to date to know if we have a strong legal case?
2. Can you explain all the upfront costs?
3. Are there other fees (later down the line) that might need to be paid, on top of the 100 – 550 charges such as disbursements / expenses etc?
4. In the case of a win am I correct in that we would need to pay;
a. Your CEC costs?
b. Do you also envisage a success fee, what is the success fee, is it a percentage of the base fee, if yes what percentage?
c. Do you also expect to get a cut of the awarded damages on top of the above?
d. What percentage would you expect shareholders to receive against their original investment?
e. What percentage of your costs could we recoup from the opposition?
5. In the case of a loss are fees to be paid to the other side, who pays them or do we take insurance against this?
6. Will there be multiple cases, e.g. against Anavio, then against Directors individually, how will the case be structured?
7. Under what jurisdiction will we be fighting this case?
8. Assuming we win the initial case, is there a possibility to further fight for punitive damages (what about in the US this is COPL America that owns the assets). Punitive damages are for me almost more important due to the;
a. time spent,
b. stress
c. sleepless night,
d. distress for both me and family,
e. missed opportunity etc.
9. I note CEC (Barry legal) had a US attorney (Daniel Shier..) on his team is this still the case, can he be of help. – who will be on our team?
10. How do the various actors and support networks fit into the mix between CEC and Setford?
11. What plans does MC have as regards Media.
12. The CAG and the support base of 450 shareholders can be powerful to support, what can we do to support you further?
13 His background-how many similar cases has he been involved with and success rate (%)?
14 How does he rate our case 1-10 and why?
15 Even if we win the court case what about the money? And further costs?
16 Fees-how many stages might there be and costs for each? In more than one jurisdiction?
17 Timescales for our/similar cases?
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