Browsing "Noteworthy Decisions"
As AHP continually changed its litigation reserves for fen-phen, Verdict repeatedly predicted the reserves were inadequate. The final cost was $20 billion.
Because the complaint showed that BP's propane liability would be proven by its own records, Verdict warned that the class action was a serious threat to BP.
Reverse mergers with Grace cost Sealed Air $732 million & Fresenius $115 million in asbestos liabilities.
Hours before Justice announced its decision, Verdict predicted the merger would be approved because Bush's approval was required, and he was preoccupied with Iraq.
After 12 days of a 42 day trial, a Verdict Subscriber sold Andrx stock for $55 per share: when judge ruled for Astra Zeneca, Andrx sold for $20 saving the Subscriber $175 million.
With a $300 million Federal judgment, Murdoch faced a state trial in the same dispute. He settled for $500 million in 3 months.